Political Theory

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Alexander Tabarrok

At last, the Republican Congress has proposed cutting death taxes. It wants the exemption to be raised from $600,000 to $1 million. Not bad for a start. But if Congress is serious about reducing the tax, the rate should immediately index the exemption to the inflation rate. If the inflation of the last 10 years continues over the next, the $1 million exemption will be worth a third less. Why should the government get rich by mismanaging the monetary system?

Llewellyn H. Rockwell Jr.

The most encouraging trend of our time is the widespread loss of faith in government. No longer do people look to the government as the great problem solver, economic planner, social unifier, or cultural czar. The government is more likely to be seen for what it is, a haven for grafters, liars, and would-be tyrants. Americans, like the Russians, no longer believe anything until it is officially denied.

Llewellyn H. Rockwell Jr.

Washington's sudden fixation on campaign finance won't bring about honesty in government, and it won't increase anyone's liberty. But it does give the public a real-world civics lesson. For it shows that government is no neutral arbiter of justice, but a corrupt scheme by which the politically powerful enrich themselves at the expense of everyone else.