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The True Cost of Taxation Is Much Higher Than Your Tax Bill

Blog42 sec ago

If we look beyond the mere tax revenue totals, we begin to understand that the cost of taxation to society is far higher than the tax revenue raised and that the costs to society of taxation grow faster than the size of government.

How I Discovered Murray Rothbard

Blog30 min ago

In Rothbard’s writings I did not find only something totally new to me, but I also found, explained in consistent and simple words, the reasons for the inefficiency and failure of most of the politics of my country, Italy.

Rothbard's Underappreciated Contributions to Public Goods Analysis

The assertion that “tax-financed public goods can make us all better off” is just that: an assertion. As Rothbard showed, there is no reason to just assume consumers would pay for these amenities were they not forced to through taxation. 

The Economics and Ethics of Government Default, Part II

The economic analysis of repudiation applies to the debt of all levels of government and to all countries. The central question is not how big the government is or how much it owes, but rather whether the debt is funded by taxes.

Memories of Murray on His Ninety-Fifth Birthday

Blog03/02/2021

Perhaps Murray’s greatest virtue was his genuine and abiding intellectual humility. 

Happy Birthday, Murray!

03/02/2021Power & Market

Today would have been Murray Rothbard's ninety-fifth birthday

Murray Rothbard on War and "Isolationism"

Blog03/01/2021

"The true principle of isolationism is that the government should be isolated and people who trade, interchange, and engage in voluntary travel, migration, and so forth should be allowed to peacefully do so."

Why Rothbard Endures

Blog03/01/2021

Instead of succumbing to the zeitgeist, Rothbard moved it.

Stagflation Cometh

Blog03/01/2021

As the money supply has skyrocketed, money has flooded into stocks, bonds, single-family housing, and crypto. But this doesn't translate into general prosperity for the countless unemployed and underemployed who face rising prices. 

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