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THE NATIONAL COMMISSION’S FAILURE TO ACHIEVE REAL REFORM
Major Provisions Commission’s compromise proposal Social Security’s financial problems
2008/12/8
On january 20, 1983, the National Commission on Social Security
Reform released its long-awaited report, discharging its niandate to
identify Social Security’s financial problems~~indpropose “soluti...
I. Introduction
On several occasions, I have summarized the theoretical welfare
economics ofthe mid-century decades as “theories ofmarket failure”
and the public choice economics of the post-middle...
DEPOSIT INSURANCE：A HISTORY OF FAILURE
Federal Savings and Loan Insurance Corporation Federal Deposit Insurance Corporation savings and loan
2008/12/3
The failures in 1985 of deposit insurance programs in Maryland and
Ohio, along with the present difficulties of the Federal Savings and
Loan Insurance Corporation (FSLIC) andthe Federal Deposit Insu...
REFORMING DEPOSIT INSURANCE AND THE REGULATORY SYSTEM：THE FAILURE OF THE MIDDLE WAY
DEPOSIT INSURANCE REGULATORY SYSTEM FAILURE
2008/11/21
Government never of itself furthered any enterprise, but by the
alacrity with which it got out of the way.
—Henry David Thoreau
In the aftermath of the Argentine default and devaluation, the
Argentine government did little or nothing to alleviate its deep crisis
and much to make it worse. The unemployment rate exceeded 20
p...
In the last half century, developed countries have paid increasing
attention to the problems of developing countries. Not only has the
disastrously low level of economic development in large parts o...
THE FAILURE OF DEBT-BASED DEVELOPMENT: LESSONS FROM ARGENTINA
DEBT-BASED DEVELOPMENT problematic Argentine debt public debt
2008/11/5
In this article I discuss the lessons one can learn from Argentina’s
recent debt restructuring and the possible rules and practices of future
restructurings. But I will also briefly describe the lon...
LIMITING GOVERNMENT：THE FAILURE OF “STARVE THE BEAST”
federal government spending starve the federal tax revenues
2008/11/5
For nearly 30 years, many Republicans have argued that the most
effective way to control federal government spending is to “starve the
beast” by reducing federal tax revenues. Moreover, two Nobel la...