President Biden’s ridiculously high spending proposals require equally ridiculous tax proposals. Among the craziest proposals is a massive increase in the capital gains tax rate. According to the Tax Foundation, Biden’s proposal would raise the top federal rate on capital gains tax to 43.4 percent. When accounting for state and local rates, the average top rate would be 48 percent, up from the current 29 percent. This is about nineteen steps in the wrong direction.

Government-mandated vaccine passports are a denial of basic human rights. Unlike the ambiguity surrounding abortion, vaccines undoubtedly affect only the individual being injected and therefore should be that person’s choice. Informed consent has historically been a moral principle of the medical field. No cognizant patient undergoes medical treatment without first giving permission for clinicians to provide it and for good reason.

While the US has its problems, future global Chinese supremacy won’t be one. Far from being in a position of overwhelming strength, China and its Communist leadership face imminent multifront domestic crises that will threaten the existence not only of the Chinese Communist Party (CCP) but the existence of the Chinese state as a unified whole. Further, there are several insurmountable obstacles to it seriously disturbing core US interests or expanding its influence much beyond its own coasts before this happens.

Critics of Austrian economics often say that praxeology lacks rigor. Praxeologists rely on imprecise verbal logic that is difficult to assess. Instead, modern neoclassical economics is to a large extent couched in mathematics. The definitions and axioms of the model used are stated exactly, and then theorems can be proved to follow from them. Isn’t the Austrian school behind the times in not availing itself of the modern tools that mathematics provides?

GPS. 

In Abraham Lincoln’s June 16, 1858, speech upon being chosen as Illinois’ Republican nominee for U.S. Senate against Stephen Douglas, he cited Jesus’ words in the Bible that “a house divided against itself cannot stand.”

As the force of the New Deal reached its heights, both foreign and domestic, during World War II, a beleaguered and tiny libertarian opposition began to emerge and to formulate its total critique of prevailing trends in America. Unfortunately, the Left, almost totally committed to the cause of World War II as well as to extensions of the domestic New Deal, saw in the opposition not a principled and reasoned stand for liberty, but a mere blind “isolationism” at best, and, at worst, a conscious or unconscious “parroting of the Goebbels line.”