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Research Fellow Burton Abrams, author of The Terrible 10 appears on the Gary Nolan radio show.
Abrams talks about some of the ten worst economic policies in US history. Monetary policy during the Great Depression, the subprime mortgage crisis, prohibition, and Hawley-Smoot Act are among the policies that Abrams says are the biggest mistakes of US lawmakers.
When Nancy Pelosi touched down in Taiwan, the lawless communist mainland government of China threw a fit; does their overreaction mean that the United States should now overtly pledge in advance to fight against China if it invades Taiwan? Looking back at home, is the rule of law threatened by the recent FBI raid at Mar-a-Lago? And lets hear it for the latest miracle political words: its called the Inflation Reduction Acteven though it will ramp up inflation!
Sr. Fellow Stephen P. Halbrook, author of The Right to Bear Arms is interviewed on the Gary Nolan radio show. Halbrook talks about the origins of the Second Amendment and the recent US Supreme Court ruling concerning the right to carry in states that currently put restrictions on the right to protect yourself outside of your home.
Sr. Fellow Richard Vedder, author of Restoring the Promise: Higher Education in America talks about his career in higher education and how college has changed in the decades he has taught economics. Vedder talks about the possibility of forgiving student loans and about the dysfunction in the university system in the US today.
The Biden administration, spooked by inflation, sets out to change the definition of recession, apparently in hopes that terminology will ease the impact of disastrous spending and monetary policy. Meanwhile, the new semiconductor pork bill, The Chips Act subsidizes big business at the expense of taxpayers and consumers. Also, Dr. Fauci now tells us that if he had it to do all over again, hed insist on even more draconian lockdowns and restrictions.
A new bill subsidizing the U.S. semiconductor industry is unnecessary says Sr. Fellow Benjamin Powell. The only reason more products are able to use semiconductors is because of foreign trade, not government handouts and playing favorites, he says. The $52 billion subsidy bill is just a pig dressed up in high-tech clothes, Powell writes in an Op-Ed in The Hill.
Research Fellow Craig Eyermann is interviewed on the Shaun Thompson show on WIND radio in Chicago. Eyermann talks about loans made by the US government as a result of the pandemic. With little oversight there was massive fraud in the program, the extent of which may take decades to discover. $811 billion was loaned out during the Paycheck Protection Program, most of which does not have to be paid back.
Sr. Fellow Richard Vedder, author of Restoring the Promise: Higher Education in America is interviewed on the Bryan McClain show. Vedder discusses the state of higher education and student loan programs. He talks about the unintended consequences of the federal student loan program. Making it easy to get loans for college has made colleges charge more and more. The loan programs designed to solve the problem of the high cost of education has actually made college more expensive.