Reducing government spending results in an immediate increase in welfare for all productive members of the economy. But, the way we calculate economic growth is rigged to make it look like more government spending fuels economic growth.
On behalf of everyone at the Mises Institute, we wish you a very happy, healthy, peaceful, and productive New Year! In this talk, Murray Rothbard reflects on the past while looking to the future of peace and free markets in our society.
One thing the Chinese regime has not managed to do is erase the Chinese fondness for saving money. But in America, where over one-third of the population is on public assistance, it spends as much as possible.
Keynesians believe that more government spending leads to more economic growth, but in addition to crowding out productive enterprises, government spending necessitates the transfer of wealth from the productive class to the government class.
Ridley Scott's new sword-and-sandal epic Exodus: Gods and Kings is jam-packed with political messages and imagery. Unfortunately, none of it ever gels into an interesting movie involving interesting characters.
"Giving back" is big these days, but how can we know if we’re really making a contribution that someone values? Economics, fortunately, gives us an answer: the best way to "give back" is to earn honest money.