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Government

Barack Obama

Anne Case

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time.com - 1/11/2009

The Case for Bigger Government

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President-elect Obama has said that he will run a deficit of $1 trillion to make a meaningful difference in this ugly recession.

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links for 2009-01-11
Economist's View — Why there's so little good evidence that policy works - Nick Rowe Social agency and rational choice - Understanding Society We're Borrowing Like Mad. Can the U.S. Pay It Back? - washingtonpost.com The Case for Bigger Government - Jeff Sachs To the Last Syllable of Recorded Time - Bradford Plumer Compete to give - Interfluidity

Time to Insist on Some Conceptual Clarity and Historical Truth
The Austrian Economists — ... 1960s.  And it is not like the names Buchanan and Hayek are unknown to those in the economics profession since both won the Nobel Prize, and Buchanan explained in detail the consequences of the breakdown in the old time fiscal religion and the Legacy of Lord Keynes, and Hayek explained clearly the consequences of engaging in the Keynesian dance of holding the "tiger by its tail" with respect to inflationary monetary policy. So how can it be that we get articles such as these --- Jeffrey Sachs making the case for Big Government in Time, and Yves Smith ...

Scary Stuff
Bear Mountain Bull — ... – Time Magazine is making The Case for Bigger Government . None of them are necessarily good, but that first one sounds like a total disaster in the making. A “savings tax”?? Are you freakin’ kidding me?? Lemme see — you taxed me when I earned the money, and you’ll tax me if I spend the money. Now you want to tax me during the time I keep the money too? Mish quotes Mr. Kaletsky and comments: Near-zero interest rates and even a tax on bank deposits are necessary to force those with cash to use it productively. Instead of reducing taxes on interest payments, the Government ...

And You Thought Krugman Was Bad
Mises Economics Blog — ... He was, and is, but he is not alone. Writing in Time magazine (January 19 issue, online here), Jeffrey Sachs, in an article called "The Case for Bigger Government," makes the case for, what else--bigger government. We need to "restore national prosperity and security with a smartly rebalanced partnership between the public and private sectors." We also need "expanded spending by government--for health care, climate change, energy security, education, infrastructure and peaceful diplomacy." ...