Archive for September, 2016

Edward Snowden — Videos

Posted on September 21, 2016. Filed under: American History, Blogroll, Central Intelligence Agency (CIA), College, Communications, Computers, Computers, Congress, Constitution, Corruption, Crime, Defense Intelligence Agency (DIA), Defense Intelligence Agency (DIA), Documentary, Drones, Education, External Hard Drives, Federal Bureau of Investigation (FBI), Federal Bureau of Investigation (FBI), Federal Government, Foreign Policy, Freedom, government spending, history, Investments, Language, Law, liberty, Life, Links, Literacy, media, Media Streamers, Mobile Phones, Money, National Security Agency (NSA), National Security Agency (NSA_, People, Philosophy, Photos, Police, Political Correctness, Politics, Psychology, Raves, Raymond Thomas Pronk, Regulations, Resources, Spying, Strategy, Systems, Talk Radio, Technology, Television, Terrorism, Video, War, Wealth, Weapons, Welfare, Wisdom, Work, Writing | Tags: , , , , , , , , , , , , , , , , , |

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‘State of Surveillance’ with Edward Snowden and Shane Smith (FULL EPISODE)

DOCUMENTARY: Edward Snowden – Terminal F (2015)

Edward Snowden Live From Russia

Edward Snowden Speaks About Hillary Clinton Emails, Trump And Freedom

The Truth About Edward Snowden

America’s Surveillance State (Full, Pt. 1-6)

NSA Secrets Uncovered Snowden Coverup 2015 FULL Documentary

The Silent Order NSA Sees Everything Hears Everything Documentary HD

NSA Whistleblower: Everyone in US under virtual surveillance, all info stored, no matter the post

NSA Whistleblower William Binney: The Future of FREEDOM

People Who Control America ? Mind Blowing Documentary HQ

The New World Order – Fall of the Republic 2016 Freedom or Slavery

Enemy of the State – Will Smith, Gene Hackman, Jon Voight Movies

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Lawrence B. Lindsey — The Growth Experiment Revisited: Why Lower, Simpler Taxes Really Are The Best Hope For Recover — Videos

Posted on September 18, 2016. Filed under: Articles, Banking, Books, Business, Communications, Computers, Congress, Constitution, Corruption, Crisis, Economics, Education, Elections, Employment, Federal Government Budget, Fiscal Policy, Freedom, government, History of Economic Thought, Illegal, Immigration, Inflation, Law, Legal, liberty, Life, Links, Literacy, Macroeconomics, Microeconomics, Monetary Policy, Money, Non-Fiction, People, Philosophy, Photos, Raves, Tax Policy, Trade Policiy, Video, Wealth, Welfare, Wisdom, Writing | Tags: , , , , , , , , , |

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Malzberg | Lawrence B. Lindsey discusses his book

Lindsey: Low interest rates buy time, but don’t force structural reform

Zero Hedge: Larry Lindsey “the hangover is going to be pretty bad”

Larry Lindsey – Global Economic Collapse 2016 2017

Lawrence Lindsey Reveals US Economy’s Real Prospects

A Keynote Conversation with Dr. Lawrence Lindsey

Doomsday Machine of the U.S. Economy – Seib & Wessel

People Who Control America ? Mind Blowing Documentary HQ

Overdose: The Next Financial Crisis

Lawrence B. Lindsey

From Wikipedia, the free encyclopedia
Lawrence B. Lindsey
Director of the National Economic Council
In office
January 20, 2001 – December 12, 2002
President George W. Bush
Preceded by Gene Sperling
Succeeded by Steve Friedman
Personal details
Born July 18, 1954 (age 62)
Peekskill, New York, U.S.
Political party Republican
Spouse(s) Susan Lindsey
Children 3
Alma mater Bowdoin College
Harvard University

Lawrence B. Lindsey was director of the National Economic Council (2001–2002), and the assistant to the president on economic policy for the U.S. President George W. Bush. He played a leading role in formulating President Bush’s $1.35 trillion tax cut plan, convincing candidate Bush that he needed an “insurance policy” against an economic turndown. He left the White House in December 2002 and was replaced by Stephen Friedman after a dispute over the projected cost of the Iraq War. Lindsey estimated the cost of the Iraq War could reach $200 billion, while Defense Secretary Donald Rumsfeld estimated that it would cost less than $50 billion.[1]

Biography and achievements

Lindsey was born on July 18, 1954 in Peekskill, New York. He graduated from Lakeland Senior High School in Shrub Oak, New York in 1972. An alumnus of Alpha Rho Upsilon fraternity at Bowdoin College, he received his A.B. magna cum laude and Phi Beta Kappa from Bowdoin and his A.M. and Ph.D. in economics from Harvard University.

He is the author of The Growth Experiment: How the New Tax Policy is Transforming the U.S. Economy (Basic Books, New York, 1990, ISBN 978-0465050703), Economic Puppetmasters: Lessons from the Halls of Power (AEI Press, Washington, D.C., 1999, ISBN 978-0844740812), What A President Should Know …but most learn too late: An Insiders View On How To Succeed In The Oval Office (Rowman & Littlefield Publishers, Inc., Maryland, 2008, ISBN 978-0742562226), and Conspiracies of the Ruling Class: How to Break Their Grip Forever (Simon & Schuster, 2016, ISBN 978-1501144233). Also he has contributed numerous articles to professional publications. His honors and awards include the Distinguished Public Service Award of the Boston Bar Association, 1994; an honorary degree from Bowdoin College, 1993; selection as a Citicorp/Wriston Fellow for Economic Research, 1988; and the Outstanding Doctoral Dissertation Award from the National Tax Association, 1985.

During the Reagan Administration, he served three years on the staff of the Council of Economic Advisers as Senior Staff Economist for Tax Policy. He then served as Special Assistant to the President for Policy Development during the first Bush administration

Lindsey served as a Member of the Board of Governors of the Federal Reserve System for five years from November 1991 to February 1997. Additionally, Lindsey was Chairman of the Board of the Neighborhood Reinvestment Corporation, a national public/private community redevelopment organization, from 1993 until his departure from the Federal Reserve.

From 1997 to January 2001, Lindsey was a Resident Scholar and holder of the Arthur F. Burns Chair in Economics at the American Enterprise Institute in Washington, D.C. He was also Managing Director of Economic Strategies, an economic advisory service based in New York City. During 1999 and throughout 2000 he served as then-Governor George W. Bush’s chief economic advisor for his presidential campaign. He is a former associate professor of Economics at Harvard University.

Lindsey is Chief Executive Officer of the Lindsey Group, which he runs with a former colleague from the National Economic Council and writes for The Wall Street Journal, Weekly Standard and other publications. He is a visiting scholar at the American Enterprise Institute.

Controversies

Lindsey is famous for spotting the emergence of the late 1990s U.S. stock market bubble back in 1996 while a Governor of the Federal Reserve. According to the meeting transcripts for September of that year, Lindsey challenged the expectation that corporate earnings would grow 11½ percent a year continually. He said, “Readers of this transcript five years from now can check this fearless prediction: profits will fall short of this expectation.” According to the Bureau of Economic Analysis, corporate profits as a share of national income eroded from 1997 until 2001. Stock prices eventually collapsed, starting their decline in March 2000, though the S&P500 remained above its 1996 level, casting doubt on the assertion that there was a stock market bubble in 1996.

In contrast to Chairman Greenspan, Lindsey argued that the Federal Reserve had an obligation to prevent the stock market bubble from growing out of control. He argued that “the long term costs of a bubble to the economy and society are potentially great…. As in the United States in the late 1920s and Japan in the late 1980s, the case for a central bank ultimately to burst that bubble becomes overwhelming. I think it is far better that we do so while the bubble still resembles surface froth and before the bubble carries the economy to stratospheric heights.” During the 2000 Presidential campaign, Governor Bush was criticized for picking an economic advisor who had sold all of his stock in 1998.[citation needed]

According to the Washington Post,[2] Lindsey was on an advisory board to Enron along with Paul Krugman before joining the White House. Lindsey and his colleagues warned Enron that the economic environment was riskier than they perceived.

Cost of the Iraq War

On September 15, 2002, in an interview with the Wall Street Journal, Lindsey estimated the high limit on the cost of the Bush administration’s plan in 2002 of invasion and regime change in Iraq to be 1–2% of GNP, or about $100–$200 billion.[3][4] Mitch Daniels, Director of the Office of Management and Budget, discounted this estimate as “very, very high” and Defense Secretary Donald Rumsfeld stated that the costs would be under $50 billion.[1] Rumsfeld called Lindsey’s estimate “baloney”.[5]

As of 2007 the cost of the invasion and occupation of Iraq exceeded $400 billion, and the Congressional Budget Office in August 2007 estimated that appropriations would eventually reach $1 trillion or more.[6]

In October 2007, the Congressional Budget Office estimated that by 2017, the total costs of the wars in Iraq and Afghanistan could reach $2.4 trillion. In response, Democratic Representative Allen Boyd criticized the administration for firing Lindsey, saying “They found him a job outside the administration.”[7]

References

  1. ^ Jump up to:a b Wolk, Martin (2006-05-17). “Cost of Iraq war could surpass $1 trillion”. MSNBC. Retrieved 2008-03-10. Back in 2002, the White House was quick to distance itself from Lindsey’s view. Mitch Daniels, director of the White House budget office, quickly called the estimate “very, very high.” Lindsey himself was dismissed in a shake-up of the White House economic team later that year, and in January 2003, Defense Secretary Donald Rumsfeld said the budget office had come up with “a number that’s something under $50 billion.” He and other officials expressed optimism that Iraq itself would help shoulder the cost once the world market was reopened to its rich supply of oil.
  2. Jump up^ Once a Friend and Ally, Now a Distant Memory. Washington Post
  3. Jump up^ Davis, Bob (September 16, 2002). “Bush Economic Aide Says the Cost Of Iraq War May Top $100 Billion”. The Wall Street Journal. Reprinted in Congressional Record, vol. 148, issue 117, 107th Congress, pp. S8643-S8644.[dead link]
  4. Jump up^ Engel, Matthew (September 17, 2002). “Cost of war put at $200bn, but that’s nothing, says US adviser”. The Guardian. Retrieved July 23, 2011.
  5. Jump up^ Bryne, John (2008-03-18). “Price of Iraq war now outpaces Vietnam”. The Raw Story. Archived from the original on 2008-03-21. Retrieved 2008-03-18.
  6. Jump up^ Bender, Bryan (2007-08-01). “Analysis says war could cost $1 trillion”. The Boston Globe. Retrieved 2008-03-10.
  7. Jump up^ “Congress told of war costs up to $2.4 trillion by 2017”. The Register-Guard. October 25, 2007. Retrieved 2007-10-25.[dead link]

External links

Political offices
Preceded by
Gene Sperling
Director of the National Economic Council
2001–2002
Succeeded by
Steve Friedman
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Arthur C. Brooks — The Road To Freedom: How To Win The Fight For Free Enterprise — Revised and Updated — Videos

Posted on September 17, 2016. Filed under: American History, Banking, Blogroll, Books, Business, College, Communications, Computers, Congress, Constitution, Economics, Education, Elections, Employment, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Food, Foreign Policy, Freedom, government, government spending, Health Care, Heroes, history, History of Economic Thought, Internal Revenue Service (IRS), Investments, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, Money, Non-Fiction, People, Philosophy, Photos, Political Correctness, Politics, Raves, Raymond Thomas Pronk, Resources, Security, Talk Radio, Tax Policy, Taxation, Taxes, Technology, Trade Policiy, Unemployment, Vacations, Video, War, Wealth, Welfare, Wisdom, Work, Writing | Tags: , , , , , , , , , , , , |

 

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The Promise of Free Enterprise

Arthur C. Brooks on the Battle Between Free Enterprise and Big Government

Why Capitalism Works

What Creates Wealth?

The War on Work

WSJ Opinion: Arthur Brooks: The Road to Freedom

The Road to Freedom: The Moral Case for Free Enterprise

Arthur C. Brooks On Glenn Beck Radio Book “The Road to Freedom” Win Fight for Free Enterprise

Arthur C. Brooks on The Secret to Happiness

Arthur Brooks on the Morality of Free Enterprise

An Evening with Arthur Brooks

Is Free Enterprise Moral?

A debate between Arthur Brooks, President, American Enterprise Institute, and Jim Wallis, President and CEO, Sojourners Inc.
November 30, 2011

The Morality of Capitalism – executive director of the Ayn Rand Institute, Yaron Brook

Dr. Yaron Brook – Free Market Revolution: Capitalism and Self Interest

The Power of Choice: The Life and Ideas of Milton Friedman

Milton Friedman Speaks: Equality and Freedom in the Free Enterprise System (B1238) – Full Video

Thomas Sowell — Dismantling America

Thomas Sowell Brings the World into Focus through an Economics Lens

Wealth, Poverty, and Politics

Hoover Institution fellow Thomas Sowell discusses poverty around the world and in the United States. Poverty in America, he says, compared to the rest of the world, is not severe. Many poor people in poverty in the United States have one or two cars, central heating, and cell phones. The real problem for the poor is the destruction of the family, which Sowell argues dramatically increased once welfare policies were introduced in the 1960s.

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Jim Powell — Triumph of Liberty — VideosThe Triumph of Liberty: A 2,000-Year History, Told through the Lives of Freedom’s Greatest Champions

Posted on September 3, 2016. Filed under: American History, Banking, Blogroll, Books, British History, College, Congress, Constitution, Documentary, Economics, Education, Employment, European History, Faith, Family, Freedom, Friends, government, government spending, Heroes, history, History of Economic Thought, Investments, Law, liberty, Life, Links, Literacy, Macroeconomics, media, Microeconomics, Middle East, Monetary Policy, Money, Newspapers, Non-Fiction, People, Philosophy, Photos, Police, Political Correctness, Politics, Psychology, Radio, Rants, Raves, Raymond Thomas Pronk, Religious, Reviews, Speech, Spying, Strategy, Talk Radio, Taxation, Taxes, Technology, Television, Television, Trade, Wealth, Welfare, Wisdom, Work, Writing | Tags: , , , , , , , , , , |

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The Triumph of Liberty: A 2,000-Year History, Told through the Lives of Freedom’s Greatest Champions

“The Triumph of Liberty” Book Review

Milton Friedman: There’s No Such Thing as a Free Lunch

TAKE IT TO THE LIMITS: Milton Friedman on Libertarianism

Milton Friedman on Hayek’s “Road to Serfdom” 1994 Interview 1 of 2

The Road to Serfdom

Friedrich Hayek: Why Intellectuals Drift Towards Socialism

Hayek on Keynes’s Ignorance of Economics

The Life & Thought of Friedrich Hayek

Keynes v Hayek

The New Road to Serfdom: Lessons to Learn from European Policy

Dr. Walter Block: Austrian vs Chicago Schools

David Friedman & Bob Murphy – The Chicago Vs. Austrian School Debate – PorcFest X

“Triumph of Liberty” Presentation

 

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