Year: 2011

The Bear’s Lair: The hidden costs of over-regulation

President Obama delivered to House Speaker John Boehner this week a list of just seven regulations Federal agencies proposed to impose, each of which would cost over $1 billion and the total cost of which would be $109 billion. If you contemplate the latter number, you will come to realize why U.S. economic growth is […]

The Bear’s Lair: Only Alien invasion can rescue Keynes

New York Times columnist Paul Krugman, in a talk show August 14, remarked that the fiscal stimulus caused by a fake Alien invasion of the United States would best rescue the U.S. economy, providing the inflation and growth that according to him it needs (a real Alien invasion would be equally efficacious, but might cause […]