Taxes and spending don’t “balance out.” Mark Thornton channels Rothbard: taxes compound the damage—distorting markets, rewarding the political class, and grinding down real living standards.
As Hayek noted, civilizations do not arise from political decrees, nor are they the simple product of culture. The costs of transacting exchanges also play an important role.
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The Affordability Crisis Is a Sovereign Debt Problem
Murray Rothbard, like other Austrian economists, believed that the heavy use of mathematics in economic analysis damaged economic understanding instead of enhancing it. This wasn’t science, he said; it was “scientism.”
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Charles Lee: The Alternative “George Washington”...
This key decision of the Continental Congress matters because the way a war is fought affects the outcomes; the choice to fight like a state means either losing or winning like a state.
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Charles Lee: The Alternative “George Washington”...
This key decision of the Continental Congress matters because the way a war is fought affects the outcomes; the choice to fight like a state means either losing or winning like a state.
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Brazil’s Public-Sector Supersalaries: The State as...
Thanks to the Fed’s creation of asset bubbles, the US economy is producing many billionaires. However, the savvy entrepreneur is becoming increasingly scarce.
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The Great Disconnect: When Wealth and Productive...
Thanks to the Fed’s creation of asset bubbles, the US economy is producing many billionaires. However, the savvy entrepreneur is becoming increasingly scarce.
Pundits of the "New Right" are radically opposed to libertarianism. Yet the facts of history, and libertarian arguments, already addressed these anti-libertarian views long ago.
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Economic Calculation and a Southern California Beach...
Can a communist system flourish under a liberal government? Bernie Sanders says yes, but Melanie Armstrong, author of Chicken in a Strange Way, gives a resounding no.
According to the University of Michigan’s latest Index of Consumer Sentiment, a record number of Americans have negative views of the economy. This is yet more evidence that the American people are dissatisfied with their economic condition.
Can a communist system flourish under a liberal government? Bernie Sanders says yes, but Melanie Armstrong, author of Chicken in a Strange Way, gives a resounding no.
According to the University of Michigan’s latest Index of Consumer Sentiment, a record number of Americans have negative views of the economy. This is yet more evidence that the American people are dissatisfied with their economic condition.