Mises Wire

People like to believe that national defense is outside of economic analysis, but the reality is that laws of economics are immutable and universal. A case in point is the development of the F-35 Lightning II fighter jet.

From Paul Ehrlich to Bill Gates, prominent Americans have forecast doom through “overpopulation.” Although the Great Population Disaster has never occurred, that does not discourage the usual suspects from crying wolf.

Far from being a true measure of economic health, GDP is a misleading economic statistic that implies consumer and government spending grow the economy. When government spends, GDP increases.

How remarkable it is that today‘s conservatives are so enthusiastically committed to handing over untrammeled power to the executive to impose new taxes.

Although he has temporarily suspended his threatened tariffs, President Trump‘s demands for “fair trade” make no sense economically speaking. Trump‘s demands of Vietnam alone are beyond head-scratching.

Trump has no plans to get rid of payroll taxes, and he has no plans to make big cuts to spending. This virtually guarantees that the IRS isn‘t going anywhere.

Five years ago, covid madness descended upon the ruling elites, pushing a public health totalitarianism that destroyed lives and impoverished millions of Americans. And the ruling classes still are lying about what they did.

Trump economic adviser Peter Navarro has condemned multi-billion-dollar investments by BMW in South Carolina as “bad for our economics.” The comments reflect a greater ignorance of capital goods by so-called economic experts.

Tariff supporters claim that implementing tariffs will result in new jobs at home. What they fail to point out is that many people depend upon imports for work. The tariffs on Canadian aluminum imports are a case in point.

While President Trump‘s tariffs certainly are causing economic harm, they alone could not cause a recession had there not already been years of artificial credit expansion.