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Search Harrison Prescott
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| Government Relations |
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| What Cost Samples? |
| Despite new regulations from the Food & Drug Administration, doctors continue to dispense millions of samples every day to patients around the United States. Are those samples truly free, or are there costs to pay?
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| Bonds You Say? |
| On March 26th, The Institute's Journal of Economics published an article entitled "Any Bonds Today?" Now the government is promoting Bailout Bonds. We wonder if the Journal had any influence? |
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| The Roadmap to a Cure |
In all the talk about bailouts, markets, toxic assets and government intervention heard in the media, none of the pundits or media moghuls have noticed that there isn't a real cure, only band-aid solutions. Let's look at a cure. |
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| Government Intervention 101 |
| From the perspective of economics history, it is a proven precept that the only true cure for economic depression is massive spending. |
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| Economic Solutions in the Digital Age |
| While it is perfectly true that arbitrage trading could, theoretically, decline a market in a matter of seconds, are economic solutions comparably fast in the digital age? We don’t think so. |
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| In Hoc Signo Percipio |
| In this sign, understand. Admittedly, a take off on Emperor Constantine’s “In Hoc Signo Vinces”, but one for the ages, we believe, because it reflects a paradigm difference in the view of economics. |
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| Why Toxic Asset Acquisition Won’t Work |
| There has been much talk about restoring the original TARP plan to the acquisition of toxic assets from the banks. We don’t think it will work to restore the system. Here’s our thinking. |
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| How Much Stimulus is Enough to Stimulate? |
| As House leaders unveiled their legislation for an unprecedented $825 Billion stimulus package that includes $275 Billion in tax breaks over two years and $550 Billion in new spending, we ask whether it’s going to be enough to really stimulate economic recovery? |
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| Smart Moves! |
| Barney Frank (D-MA) announced yesterday that he plans to introduce legislation to revise and update TARP. Smart move Mr. Frank! |
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| The Way Home: A Keynesian Approach |
| For those who accept our assessment that the world is in an economic depression, which we dubbed Depression 2.0, there must be a solution that will bring the economy to recovery. Did John Maynard Keynes have the answer? |
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| Auto This, Auto That... |
Is the American public ready for the disappearance of Ford, General Motors and Chrysler? Certainly they are ready to see the back of the Big Three senior executives. |
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| The Exigencies of the Contemporary Economy |
The prognosis for a positive and quick recovery of the capital and credit markets heard recently on any variety of news outlets is fundamentally, hearsay. The truth, in the end, will prevail, but it’s scary, at best. |
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| The Citigroup Debacle |
| With a new weekend pledge of more than $300 Billion in guarantees to Citigroup, the Treasury is sticking its neck out to protect the American economy. Is this the best move? |
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| The Better Plan |
Just like the request for the TARP legislation, Congress seems pushed and harried into a decision not best thought out by the parties concerned. Here, we offer an alternative. |
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| The Law of Supply and Bureaucracy |
| The hearings on loans to automakers held recently in the House Committee on Financial Services proved a number of problems few anticipated, including those testifying. |
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| Britain Catches the Economic Bug |
| The British government announced recently that they too are officially in recession. The world, it seems, is heading for financial crisis, come what may. |
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| Why They Pulled The TARP Over Congressional Eyes? |
| Congress is asking Treasury why it changed the TARP program from one of toxic asset acquisition to one of capital injection into banks and financial companies. |
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| The Not So Big Three |
| American automobile makers GM, Ford and Chrysler are facing collapse. Will the Federal Government help? Why should they? |
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| Financial Worries In The House |
| Why are these two Congressmen worried? The answer is as complicated as the economic problems they so diligently face. |
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| The Troubles Ahead |
| We congratulate President-Elect Barack Obama on a stunning win, and take a look at what he may expect in the economy in the next year. |
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| Simplest Is Always Best |
| The theory goes that the simplest solution is always the best. We agree and believe this applies to economic recovery and stimulus. |
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| The Great Rift |
| As the world copes with an international economic crisis, yet another rift is developing that governments around the globe will be forced to resolve. |
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