Could Ahmadinejad Stop Health Care Reform?

As you may have witnessed, there have been a fair amount of comparisons of the current financial crisis with the Great Depression.  Recently, I attended a presentation on this topic by the well known American historian Dave Kennedy.  In his view, and I agree with his analysis, many of those comparisons are off the mark.
Why? The comparisons [...]

Posted Under: Economic History
This post was written by Dr. Art Pitz on June 18, 2009 Comments (3)

Will the Stimulus Package Produce Only Low-Wage Jobs?

One of my readers emailed this excellent question in response to two of my previous posts, “Abraham Lincoln’s Economic Stimulus Package” and “When Deficit Spending Worked Wonders.”  Let me begin with Lincoln and the Transcontinental Railroad, which produced a sizable number of construction jobs that paid reasonably well and a strong  multiplier effect.
The problem was [...]

Posted Under: Economic History
This post was written by Dr. Art Pitz on March 4, 2009 Comments (1)