Jeffrey Miron on The Financial Crisis: The Case for Doing Nothing
Harvard economist on the high cost of fiscal and monetary intervention.
During Reason Weekend, the annual event held by the nonprofit that publishes this website, Harvard economist and Reason contributor Jeffrey A. Miron argued that last year's bailout was a mistake and that any stimulus spending should consist of reductions in taxes, not increases in expenditures.
Miron is a senior lecturer and director of undergraduated studies at Harvard. Educated at Swarthmore and M.I.T., he has held positions at the University of Michigan and Boston University and he has written widely on the "economics of libertarianism," including a controversial and widely discussed cost-benefit analysis of the war on drugs that concluded prohibition's costs far outweigh any possible benefits.
Go here for video of this talk, including an iPod-friendly version.
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It’s amazing!!!
He is so great!
He is so great!
Still, as Brodeur repeatedly states in Currents of Death, there are “32 published studies demonstrating ELF [extremely low frequency, another term for EMF] effects.” What Brodeur doesn’t say is that hundreds of studies have been performed in which EMF shows no biological effects. Further, “biological effects” aren’t necessarily harmful. As the authors of a report on EMF for the Congressional Office of Technology Assessment noted, “A biological effect is not necessarily a significant health consequence.”
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