Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: growth

How to resist Leviathan

I heard Robert Higgs speak at a Cato conference in California a few years ago and found him winsome, humble and bright. His resume is remarkable: Senior Fellow in Political Economy at the Independent Institute, Editor of The Independent Review, senior fellow at the Ludwig von Mises Institute and adjunct scholar at the Cato Institute. He’s best known for his tour de force, Crisis and Leviathan: Critical Episodes in the Growth of American Government, which was first published in 1987 and was just republished a few months ago.

He has been inveighing against big government for decades and, happily, has condensed his methods of resistance into a short article,

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US Now Produces More Oil than it Imports for the First Time since 1995

When Brantley Hargrove noted in the Dallas Observer on Thursday that the US produced more oil than it consumed during the last week in May (for the first time since February, 1995) he was awfully quick to give nearly all the credit to Texas. But he was proud, nevertheless:

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Slowing Economy Confirmed

The report from Automatic Data Processing (ADP) on Wednesday morning surprised economists once again by coming in substantially below their expectations. The 135,000 new private sector jobs created in May were way below the

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Obamanomics is to Blame for Worst Recession since the Great Depression

When libertarian scholar Peter Ferrara asked rhetorically in Sunday’s issue of Forbes, “Economically, Could Obama be America’s Worst President?” he relied heavily on statistics provided by the chief enabler of the Great Recession,

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The North Dakota ripple effect

The Minneapolis Fed has analyzed unemployment and wage rates in North Dakota and surrounding states and have discovered – eureka! – that there is a definite ripple effect that extends outward for hundreds of miles. They even have a graph showing their results:

Weekly wages in the Bakken oil fields have risen by an amazing 140% in just the last decade, while unemployment has dropped to under 2 percent. The impact, however, isn’t limited just to the immediate area. As far away as Rapid City, South Dakota, unemployment is dropping and wages are rising (albeit more slowly than unemployment is dropping).

The farther away from Bakken, however, the more other more local factors are felt:

As distance increases, many  other factors likely explain wage gains or unemployment rates relative to  distance from the Bakken. For example, more agriculture-intensive counties are  also benefiting from the strong farm sector.

Just imagine the impact in California, for example, if the greenies there would like developers explore the newly discovered oil shale opportunities there. And if the greenies relent and let Colorado develop its resources, the same ripple effect would like occur.

Come to think of it, wouldn’t this happen all across the country, if governments (national, regional and local) would just get out of the way?

Austerity is impending the economy, say the Keynesians

Two writers at The New York Times have embraced the fallacy that cutting government spending is keeping the economy from growing. It is Keynesian claptrap.

Let’s let them rant a little before responding:

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42 House Republicans Propose Ending “Obama phone” Subsidy

When Rep. Tim Griffin (R-Ark.), the sponsor of legislation to end the Lifeline mobile-phone subsidy for the poor, noted that “It’s not fair that people save and work and pay for phones from whatever funds they have, and other people get them for free,” he also said that

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Joint Bills Introduced to Cut SNAP

During his introduction of a bill to save $30 billion from the old food stamp program – now called the Supplemental Nutrition Assistance Program (SNAP) – Senator John Thune (R-S.D.) said that

Since President Obama assumed office, participation in SNAP, which was formerly referred to as food stamps, has increased from 32 million to

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Economists miss again: economy growing more slowly than anticipated

There’s an old saw about the purpose of economists is to make weather forecasting look good. The Commerce Department just reported this morning that in the first quarter the gross domestic product (GDP) of the country grew at an annualized rate of 2.5%, substantially below economists’ estimates of 3.2%. And looking past the headlines,

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.