Like any other consumer, the government must turn to the production process — that is, to producers — for its funds. But unlike ordinary consumers, who obtain their incomes through voluntary exchange, the government obtains its income by means of forcible taxation.
Between the right's love for military socialism and the left's love of forced de-industrialization, together with the perpetual menace of politicians' clamor to make history, the cause of liberty needs even more ardent defenders.
As I’ve noted previously, there is nothing necessarily unlibertarian about the feds issuing a compulsory license of a patent, since this mere
Chodorov's brilliant assessment of the State is a vital contribution both to historical understanding and to the defense of liberty.
A bailout is nothing less than a wealth transfer to those who made ill-advised credit decisions.
Adding more government intervention in virtually every aspect of our lives because politicians who oppose war call everything else a war, cannot stand up to careful examination.
The integrity of the scientific community will win out in the end, following the evidence wherever it leads. But in the meantime, the effect of the political climate is that most people are overestimating the evidence that carbon emissions are the main cause of global warming.
The reason for high prices is increased scarcity. The way to solve that is to make it worthwhile for producers to increase supplies. Ease restrictions on new refineries and oil drilling, get rid of taxes on gasoline, and stop threatening to nuke Iran. That would solve the "crisis" very quickly.
