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.
American citizens can now be arrested by the federal government, held indefinitely without trial, questioned under standards we would not allow for our own soldiers if captured by other nations or subordinates of those nations, and never have a hearing to find out the evidence being presented...
The UN's Intergovernmental Panel on Climate Change has just released the summary of its latest, forthcoming report on global warming. It's most trumpeted finding is that the existence of global warming is now "unequivocal." Although such anecdotal evidence as last month's...
A free market of alcohol would become a lucrative market for countless people if left in private hands. By monopolizing it, the Russian government takes bread from the mouths of average families.
Once we have a market supplied money, we can finally burn the paper trash that fuels government plunder and causes macroeconomic fluctuations. It will be our elegy to the tyranny of money theft.
Jay Taylor made the case that John Maynard Keynes and Milton Friedman were wrong and that Ludwig von Mises was right. Inflation and depression are caused by excessive credit creation. The Austrians advocate for a gold standard while bankers and politicians hate gold.
Mark Thornton teaches economics at Auburn University. He is a senior resident fellow at the Ludwig von Mises Institute in Auburn, Alabama, and is the Book Review Editor for the Quarterly Journal...
