Summer of Recovery

Just two short years ago, seems longer to me, the Obama administration hailed that it was to be “The Summer of Recovery”.   The stimulus bill was passed by congress, both the house and senate, of course it was alL under the control of the Democrats. WILD and EXOTIC claims were made that this new law would…

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Stimulus and the broken window fallacy

As the President gets ready to propose yet another stimulus I thought it might be nice to review a centuries old retort to government spending as a solution to economic ills called “the broken window fallacy”. First proposed by 19th century Frederic Bastiat a French classical liberal theorist, political economist. It’s a short video but one worth watching and remembering…

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Stimulus money and broadband

Remember the Stimulus Bill that just had to be passed quickly in 2009, or unemployment would rise above 8%? $7.2 billion of the total stimulus was allocated to subsidies to provide broadband services to rural areas without broadband.

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