California’s Tax-Limiting Prop. 13 Survives Yet Another Attack
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If Democratic candidate Joe Biden is elected America’s forty-sixth president, what happens to the mandate to end the endless wars? It doesn’t go away, but rather falls on the Democrat-controlled House and (presumably, for now) Republican-controlled Senate.
President Donald Trump was elected partly due to his promise to rein in the US government’s military intervention abroad. He managed to not start any new wars, but he hasn’t ended any either. That may be changing in Afghanistan now. Only time will tell, but it’ll have to be be sooner rather than later.
The United States has not had a large, organized laissez-faire political movement since the 1890s, when the Democratic Party explicitly embraced an agenda of low taxes, restrained foreign policy, political decentralization, and opposition to a central bank. Certainly, since that time, laissez-faire factions have been part of various political coalitions and parties.
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Even as production of goods and services has declined as a result of the reaction to covid-19, governments have been issuing larger and larger amounts of money.
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In The Ethics of Liberty, his main book on ethics and political philosophy, Murray Rothbard says that he supports natural law ethics, based on Aristotle and St. Thomas Aquinas. But he finds a crucial weakness in the Scholastic tradition that had developed that sort of ethical theory:
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Regardless of whether one supported a specific candidate for president or no candidate at all, lovers of liberty should be rejoicing over a glorious victory this election cycle. This victory is not of one candidate or party over another in this race or that, but rather a resounding ideological defeat of one of the most illiberal and menacing forces we face at the moment: technocracy.
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Tomorrow the World: The Birth of U.S. Global Supremacy
by Stephen Wertheim
Harvard University Press, 2020
255 pages