Jeff Miron on Extending Unemployment Benefits

Jeffrey A. Miron is a Senior Fellow at the Cato Institute and the Director of Undergraduate Studies in the Department of Economics at Harvard University.

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[betodesign101]

liberals believe that freedom and prosperity are free.

[sniper6081]

@cheguevara1970 First of all, there's a little thing called charity. It's run by human generosity, not government coercion. Second of all, there is a way for government to help; by reducing its size and lowering taxes. Until it does that things will only get worse.

[objectivistathlete]

LOL at the host spinning Rand Paul's words waaaay out of proportion.

[sniper6081]

@Tucanforpres001 That FDR stuff is absolute nonsense. All he did was spend and spend which extended the Great Depression for 17 years. Money doesn't just come out of the tar in the roads and the metal of the rails. It wasn't until after WW2 when Truman cut taxes, reduced spending, and paid our debts did we get out of the depression. You're 100% right about foreign policy. But if you can't see how the recessions of the 20th century were caused by government you aren't even trying to look.

[Tucanforpres001]

@sniper6081 Not exactly, through the FDR adminstration it was about giving money to the people. Through the several farm acts, bank loans, and government production for war did the economy come back. There was more regulation during this period, which stregthened the workforce, as standards were placed. It was government that allowed the country to survive with monuments, etc. The 50s alone were mostly government involvement with road ways, education, healthcare, etc.

[sniper6081]

@Tucanforpres001 The Federal Reserve and Wall Street aren't working on their own. They are the epitome of the merger of corporate and state power. This isn't capitalism. This is corporatism, or fascism if you're of an older generation. All these periods of prosperity you think you see are all phony. Every time a recession happens they either artificially lower interest rates or print money to keep extending the bubble. Can't you see that? They can't lower interest rates anymore.

[Tucanforpres001]

@Tucanforpres001 Military alone I mean, an accident.

[Tucanforpres001]

@sniper6081 We can see from lowering taxes there is less funds. However, cutting of social security, medicare, and etc would not have to occur. Ending Bush tax cuts alone would make social security solvent until 2075. What needs to happen is cutting down on military spending. An annual budget of over 600 Billion is crazy. We spend more money than Russia, China, the UK, and France combined, times two. I would like to see where in US history a recession has been caused by the government.

[Tucanforpres001]

@sniper6081 That is government alone, which Republicans are against cutting down. However, the US does not have universal healthcare, a extensive education system, etc like other countries. The Federal Reserve is not a governmental sector, that is a private corporation, it is capitalist. We've seen from the great depression that if you let companies and wall street do as they please it ends in hard times. The same as happened today and the only way out is government aid, history shows this.

[sniper6081]

@Tucanforpres001 Lowering taxes leads to debt? What? Spending leads to debt. You need to spend less and save the money you get to reduce it. And, are you kidding me? Our government is gigantic. We have bases in 170 countries and almost one hundred different agencies and departments, all amounting to over 60 million laws. By the way, if you honestly think that recessions are caused by less government you really don't know anything about history. Two words, federal reserve.

[Tucanforpres001]

@sniper6081 Lowering taxes leads to more debt. You can't pay off debt if you don't have the money. And currently, the US is no where near the size as most other governments. The reason we keep ending up in recessions is because of less government. Every recession and depression in US history has been caused almost directly by deregulation of the markets. Currently taxes are low across the board, no where near what they were during the 50s.

[Tucanforpres001]

@betodesign101 We just believe that being morally correct is a good thing. And that you don't kick a hungry person.