Jim Johnston on the Wall Street Bailout
Jim Johnston is policy advisor to and senior fellow for The Heartland Institute and a founding member of its Board of Directors. He retired in January 1993 from his position as senior economist at Amoco Corporation, whose Economics Department he joined in 1975. His primary responsibilities at Amoco included the economic analysis of public policy issues and the hedging of corporate risk.
Jim Johnston - October 01, 2009
The leaders of the world have declared war on speculation. The Obama administration’s Commodity Futures Trading Commission is considering position ... (read more)
Jim Johnston - August 10, 2009
July 24, 2009 was the 94th anniversary of the capsizing of the Eastland in the Chicago River. The short story in that day’s Tribune did a good job ... (read more)
Jim Johnston - August 10, 2009
Once upon a time, last fall to be exact, the credit markets seized up. In other times, like the early 1930s, this happened when the growth in the money ... (read more)
Jim Johnston - February 18, 2009
The U.S. economy is in a mess. The Dow Jones Industrial Average is down 40 percent from its peak in mid-2008. Unemployment in January 2009 was 7.6 percent, ... (read more)
Jim Johnston - November 14, 2008
It is becoming obvious that the bailout, or “rescue” as the government wants to call it, will not unfreeze the credit market. Anna Schwartz ... (read more)
Jim Johnston - November 14, 2008
On October 6, 2008 the Federal Reserve announced that it would begin to pay interest starting on October 9, 2008 on required and excess reserves that individual ... (read more)
Jim Johnston - November 12, 2008
1. Bail out the investment banks, commercial banks, insurance companies, Freddie Mac, Fannie Mae, General Motors, Chrysler, Ford Motor Company, with $700 ... (read more)
Jim Johnston - September 30, 2008
There is an interesting parallel between the sharp downturn in economic activity in 1937-38 and the current effort to bailout the finance industry. Government ... (read more)
Dan Miller - September 30, 2008
The national debate over how to address the crisis in the U.S. financial markets has created sharp divisions that cross political and philosophical lines. ... (read more)
Jim Johnston - September 24, 2008
Congress, the Treasury, the Securities and Exchange Commission, and the Federal Reserve are hell-bent to bail out the housing and financial industries and ... (read more)
WHAT'S NEW: Budget John Nothdurft - November 18, 2009
Gov. Bill Ritter wants to transfer $132 million in taxpayer money into the government’s coffers by increasing taxes on soda, candy and Internet purchases.Those ... (read more)
James G. Lakely - November 17, 2009
Florida transportation officials, worried about the state gas tax bringing in too little revenue, have proposed a high-tech alternative: Tracking where ... (read more)
Eileen Norcross - November 17, 2009
This was to be the year that Xanadu, a two million-square-foot entertainment/shopping complex, was to open in the New Jersey Meadowlands. Promising an indoor ... (read more)
Victor E. Schwartz and Christopher E. Appel - November 12, 2009
We have all heard of federal bailouts for our insurance companies, automobile companies, and even banks, but few realize that buried in a deep silo on Capitol ... (read more)
Steve Stanek - November 11, 2009
With taxes on beer, wine, and spirits in Illinois having jumped nearly 25 to 90 percent, depending on the item, on September 1, buyers of alcoholic ... (read more)
WHAT'S NEW: Taxes John Nothdurft - November 18, 2009
Gov. Bill Ritter wants to transfer $132 million in taxpayer money into the government’s coffers by increasing taxes on soda, candy and Internet purchases.Those ... (read more)
James G. Lakely - November 17, 2009
Florida transportation officials, worried about the state gas tax bringing in too little revenue, have proposed a high-tech alternative: Tracking where ... (read more)
Eileen Norcross - November 17, 2009
This was to be the year that Xanadu, a two million-square-foot entertainment/shopping complex, was to open in the New Jersey Meadowlands. Promising an indoor ... (read more)
Victor E. Schwartz and Christopher E. Appel - November 12, 2009
We have all heard of federal bailouts for our insurance companies, automobile companies, and even banks, but few realize that buried in a deep silo on Capitol ... (read more)
Steve Stanek - November 11, 2009
With taxes on beer, wine, and spirits in Illinois having jumped nearly 25 to 90 percent, depending on the item, on September 1, buyers of alcoholic ... (read more)
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