Read Part 1 of Crisis and Leviathin and consider the recent growth of government under President Obama, the subsequent fall in median household income, and the increase in the unemployment rate.Part 1. According to Higss, is the growth of government continuous or does it occur fits and starts? What is Higg’s explanation for this pattern of growth of government?
Part 2. Read Chapter 8, “The Great Depression: An Emergency More Serious Than War” in Crisis and Leviathan. Compare and contrast the expansion of government under Herbert Hoover and Barack Obama. What are the similarities and differences between the expansion of government that took place under Hoover, the one currently underway under Obama, and other periods of government expansion?
Part 3. Milton Friedman and Hernando DeSoto argue that free markets where people are free to pursue their own self interest as they define it combined with strong private property rights where government is prevented from confiscating, taxing, or restricting the use and sale of private property are preconditions for wealth creation, prosperity and political freedom. Given you answers to Part 1 and 2, is the expansion of government under President Obama a good or a bad thing? Do the economic consequences of Obamas expansion of government harmonize with the ideas of Milton Friedman and Hernando DeSoto? CLICK HERE FOR MORE ON THIS TOPIC
Part 2. Read Chapter 8, “The Great Depression: An Emergency More Serious Than War” in Crisis and Leviathan. Compare and contrast the expansion of government under Herbert Hoover and Barack Obama. What are the similarities and differences between the expansion of government that took place under Hoover, the one currently underway under Obama, and other periods of government expansion?
Part 3. Milton Friedman and Hernando DeSoto argue that free markets where people are free to pursue their own self interest as they define it combined with strong private property rights where government is prevented from confiscating, taxing, or restricting the use and sale of private property are preconditions for wealth creation, prosperity and political freedom. Given you answers to Part 1 and 2, is the expansion of government under President Obama a good or a bad thing? Do the economic consequences of Obamas expansion of government harmonize with the ideas of Milton Friedman and Hernando DeSoto? CLICK HERE FOR MORE ON THIS TOPIC
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