Independent Institute Senior Fellow Robert Higgs is interviewed on Governments Intrusions Threaten Economy. Interviewed by Steve Stanek of the Heartland Institute, Dr. Higgs explains that the governments growing intrusions into the economybank bailouts, economic stimulus, interest rate manipulations and credit expansion by the Federal Reserve, increased business regulationscould eventually lead to soaring price inflation and interest rates and another, far worse economic downturn. The solution is to move deliberately to end such policies and the accumulation of federal bureaucratic programs, controls and taxes on Americans.
Originally aired on January 17, 2010 on "Two-Way Street." Charles Peña, Senior Fellow at the Independent Institute, joins a panel of foreign policy experts to support the discussion topic: The U.S. should close its military bases around the world.
To outsiders, its initials once stood for No Such Agency. To its employees, they stood for Never Say Anything. Today the public knows that the ultra-secret National Security Agency manages the nations spy satellites, but few know exactly why the NSA is the most powerful U.S. intelligence agencyor its roles in the Cold War, the hunt for Osama bin Laden, and Echelon, the worldwide NSA spying operation that, many charge, is illegally monitoring innocent citizens. No outsider knows more about the NSA than investigative journalist James Bamford, who began to research it before most members of Congress had even heard of it. In this talk, Mr. Bamford explained why he believes the NSA is a dangerous, two-edged sword.
"Dependence on government has grown at unprecedented rates over the past 70 years. This ominous trend has coincided with the growth of centralized government power, which at its own discretion is used to regulate, manipuate, or prohibit. Driven by bipartisanship, bureaucracies, and interest groups, and accelerated by presidential ambitions, this trend has been so profound that few today can imagine life without government control. Economist and historian Charlotte Twight, one of the leading experts on politics and privacy, showed how special-interest politics created the income tax, Social Security, Medicare, surveillance of ordinary citizens, and other linchpins of the dependence-state, which in turn have made opposition to centralized control seemingly futile. She will then offer a strategy to reverse this trend in order to fulfill the promise of life, liberty, and the pursuit of happiness.