Alan Reynolds



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Lighting The Lamp

... the Buckeyes. Yale 4, Princeton 1: Broc Little and Mark Acobello each scored for the Bulldogs, and Alan Reynolds had 39 saves. Brown 2, Quinnipiac 1: Mike Clemente is making a case for being the best goalie in the conference with his 22 save effort tonight. Jeff Buvinov and Sean Connauton scored for Brown. Cornell 2, Union 2: Brendon and Riley Nash each scored for the Big Red, and...

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California Illustrates Need to Revive Federalism

... healthy, but now that the economy is stagnant spendthrift policies are creating a fiscal crisis. Alan Reynolds reminds that the federal stimulus package “bribed states to extend benefits — which have now been stretched to an unprecedented 79 weeks in 28 states and to 46 to 72 weeks in the rest.” When you subsidize something you get more of it—federal subsidies prompt more state subsidies...

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Kelly Evans' Observations on Consumer Spending

... course, Mr. Pandl says, "There will be a reckoning at some point." A reckoning, indeed. Alan Reynolds has noted that Keynesian-style interventions have merely deepened and prolonged economic recessions. With the federal government's stream of such programs in the past eleven months, including a $787B stimulus bill, continuing extensions of jobless benefits, "cash for...

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From the Annals of Entirely Counter-productive Government Interventions

... together two wildly different economists: our own Richard Layard, New Labour Peer exemplary, and Alan Reynolds of the Cato Institute. Not people you would normally find agreeing on the colour of the sky but then that economic knowledge when imbibed does lead one to outburts of truth telling. First, Layard on the distinguishing feature between European and US unemployment rates : For...

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US unemployment and the stimulus

... in February provided $40 billion to greatly extend jobless benefits at no cost to the states, says Alan Reynolds, a senior fellow with the Cato Institute. And from the same source today a report about the jobs apparently created by the stimulus is riddled with errors. The acting head of the Government Accountability Office (GAO), Gene Dodaro, told the committee his investigators found...

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Larry Summers Knows Why Unemployment Is So High

Writes Alan Reynolds:Summers knows why the US rate is so high. He explained it well in a 1995 paper co-authored with James Poterba of MIT: "Unemployment insurance lengthens unemployment spells."That is: When the government pays people 50 to 60 percent of their previous wage to stay home for a year or more, many of them do just that.And the stimulus bribed states to extend benefits...

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How "Stimulus" Increases Unemployment

Alan Reynolds explains it here . Note how Obama economic advisor Larry Summer's previous writings are used against the policies of the Obama administration, just as in the issue of whether a health insurance mandate should be considered a tax [increase] .

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Democrats stimulated unemployment

Alan Reynolds: Why did the unemployment rate rise so rapidly -- from 7.2 per cent in January to 10.2 percent in October? It was clearly the administration's "stimulus" bill -- which in February provided $40 billion to greatly extend jobless benefits at no cost to the states. As Larry Summers, the president's top assistant for economic policy, noted in July, "the unemployment...

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Very late COMMON REDSTART

This very late COMMON REDSTART was present in a Letchworth garden on Sunday 9 October (per Alan Reynolds)

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Vikings and Pirates and Taxes, Oh My!

... on taxing, spending, and “fiscal illusion” Michael J. New on the “starve the beast” hypothesis Alan Reynolds on Paul Krugman’s misunderstanding of the monetary and fiscal lessons of the Great Depression and Japan’s lost decade And on the general rapaciousness of the state, don’t miss Jason Kuznicki’s careful review of government racial discrimination from the end of Reconstruction...

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Think Conservatives are not intellectuals? Think again, Waldo. Go to "Cato Institue" and order this journal or read from this list.

... (PDF, 35 pp., 286Kb) William A. Niskanen The Undemanding Ethics of Capitalism (PDF, 7 pp., 78Kb) Alan Reynolds The Misuse of Economic History: Flawed Analogies with Japan's "Liquidity Trap" and the Great Depression (PDF, 19 pp., 158Kb)