Mises Daily

Oh, one last thing. Brazil doesn't have the highest ratio of tax revenue to GDP in the western hemisphere. Cuba does.

Not only have they been mobilized for libertarian action and educated in libertarian ideas, including opposition to the public schools and the idea that taxation is theft, but the politicians have begun to knuckle under to their vociferous demands and actions.

"His widely published 'Letter to Washington' described the party of Hamilton as 'disguised traitors' who were 'rushing as fast as they could venture, without awakening the jealousy of America, into all the vices and corruptions of the British Government'."

It's been spend, spend, spend ever since. And as credit lines increased, so did the size of the ships.

To put it differently, morally significant action has to be freely chosen, not mere proper behavior.

The argument of sticky wages does not justify the existence of a central bank. Market prices, including wages, are flexible enough to smooth out macroeconomic disturbances.

"Economics is the science that studies these individual agents of the market and how they coordinate through the price mechanism to create, not just what the mainstream considers 'the market,' but society as a whole, all without the necessity of a central planner or authority."

"Whenever the central bank inflated itself into financial trouble, the government stood ready to allow it to suspend specie payments."

You cannot measure the immeasurable.

The Establishment media put it this way: After shilly-shallying in a weak and indecisive manner, the Carter administration has at last decided to &