Trump has no plans to get rid of payroll taxes, and he has no plans to make big cuts to spending. This virtually guarantees that the IRS isn‘t going anywhere.
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The Virus Era: A Time of Both Madness and Silliness
Five years ago, covid madness descended upon the ruling elites, pushing a public health totalitarianism that destroyed lives and impoverished millions of Americans. And the ruling classes still are lying about what they did.
The federal government didn't take charge of immigration policy until the 1880s. In the early republic, almost everyone agreed that immigration policy was a matter for the states.
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Trump's Unilateral Tariff Power and the Triumph of...
How remarkable it is that today‘s conservatives are so enthusiastically committed to handing over untrammeled power to the executive to impose new taxes.
Although he has temporarily suspended his threatened tariffs, President Trump‘s demands for “fair trade” make no sense economically speaking. Trump‘s demands of Vietnam alone are beyond head-scratching.
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Tariffs, Capital Heterogeneity, and the Real Costs of...
Tariff supporters claim that implementing tariffs will result in new jobs at home. What they fail to point out is that many people depend upon imports for work. The tariffs on Canadian aluminum imports are a case in point.
While President Trump‘s tariffs certainly are causing economic harm, they alone could not cause a recession had there not already been years of artificial credit expansion.
While President Trump‘s tariffs certainly are causing economic harm, they alone could not cause a recession had there not already been years of artificial credit expansion.
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Trump's Tariffs: Triffin Is Wrong, Ron Paul Is Right
Bob challenges the conventional wisdom around Triffin’s dilemma, arguing that persistent U.S. trade deficits aren’t necessary for dollar dominance—and that Ron Paul had it right all along.
The presidency—by which I mean the executive State—is the sum total of American tyranny. The other branches of government, including the presidentially appointed Supreme Court, are mere adjuncts.
President Trump called the day he announced his tariff plan “Liberation Day,” but President Trump’s tariffs, along with his support for war, could obliterate what is left of America’s peace and prosperity.
Frederic Bastiat is an often unsung hero of 19th-century economic thought. His lessons on freedom and trade are timeless and what he wrote nearly two centuries ago is still relevant today.
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Both Consumers and Producers Pay for Tariffs along...
The only beneficiaries of the increase in tariffs are the government and a few companies that benefit from limited competition while everyone else is worse off.
In The General Theory, J.M. Keynes allegedly “discredited” Say‘s Law. Of course, Keynes actually debunked a straw man that was a caricature of what Say actually wrote. It‘s time to set the record straight.
President Trump‘s recent assertions that the Fed should lower the discount rate puts him squarely in the middle of Fed politics and exposes the messy truth that the Fed is not an independent group of experts but rather a tool of the political system.