Britain‘s new Labour Government is doing what leftist governments always do: raising taxes on everyone, but pretending that only the wealthiest citizens will pay more. Middle-class British farmers are quickly finding out that the taxman is coming for them too.
Perhaps John Maynard Keynes' best con job was convincing people that a growing economy needs inflation, lots of inflation. As David Gordon points out, however, Ludwig von Mises eloquently explained why inflation undermines the free market economy.
President-Elect Trump has been threatening tariffs against BRICS countries unless they abandon their plans to abandon the US dollar. While Trump may come off as being "tough" in his negotiations, he cannot bluster his way to a stronger dollar, thanks to reckless monetary policies.
Like Santa, who gives free gifts to our children, people think of the state as providing services “for free.” However, the state cannot provide anything without first confiscating wealth from others—like the Grinch, who first stole all the presents in Whoville.
Gen. William T. Sherman‘s infamous “March to the Sea” is covered almost antiseptically in American history texts. Yet, Sherman‘s actions would have been judged as war crimes had he not been on the winning side.
Mainstream economists and the media “warn” us about the dangers of “income inequality.” But is income inequality really an economic and social problem, or is this yet one more false crisis ginned up by intellectual and governing elites?
The economy is stagnating, regulation has restrained the market from creating the growth that thrusts society onward, yet the government is asking the regulators how to create growth. You’d be better asking the axeman how best to survive with no head!
Modern Monetary Theory is a perfect example of, “Do as I say, not as you do,” rather than, “Do as I say, not as I do.” MMT rightly points out some hypocrisy, but wants to replace it with more hypocrisy.
As the Trump administration makes real cuts to federal programs, suddenly the opponents of “waste, fraud, and abuse” are discovering that Trump and Elon Musk are serious about slashing spending. Not surprisingly, the Usual Suspects don't like the cuts.
PR’s current and past governance and economic struggles like Venezuela’s serve as a warning that socialism—in its many forms, and its attendant bankruptcy—is on the US mainland doorstep.
Ryan McMaken and economist Per Bylund discuss the nature of money in our paper-money world. Are Bitcoin and gold money? If not, how do they become money?
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Hoppe versus Milei on Central Banking: Breaking Down...
Hans Hoppe recently criticized Argentina‘s President Javier Milei for not closing the country‘s inflationary central bank. In response, Milei claimed that doing so would result in hyperinflation. Given the central bank prints lots of pesos, shutting it obviously would decrease inflation.
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How the Rise of National Citizenship Laws Built the...
In the United States, as in Europe, the advent of national citizenship (as opposed to local citizenship) has mirrored and fueled the growth and centralization of state power overall.
Following last week‘s air crash in Washington, the FAA is receiving extra scrutiny. The real problem with the FAA, however, is that it is a political entity, which means that political goals will determine its capital structure and hiring practices.