The debate on socialism has surfaced yet again with the recent congressional primary election victory of 28-year-old Alexandria Ocasio-Cortez, a member of the Democratic Socialists of America, to New York’s 14th Congressional District.

Loose monetary policy of the central bank, which amounts to the lowering of interest rates and monetary pumping, gives rise to activities that cannot exist by themselves without the support from this loose monetary policy.

In today’s New York Times, Walter Block employs some excellently Rothbardian logic in exposing just how absurd is the argument that protectionism increases wealth.

The most robust study ever conducted on the topic found that the average California state government worker earned 23 percent more in total compensation than their similarly skilled and educated private-sector counterpart.

[Originally published by the Albany Student Press.]

The Trump Administration levied tariffs on steel and aluminum last month through an executive order. Imported steel is subject to a 25 percent tariff and aluminum to a 10 percent tariff. A tariff is a tax on the American people. The money is paid for out of citizen’s pockets and does more harm to Americans than it does to their trading partners.

For several decades a growing chorus of voices has been insisting that government can become more efficient and effective if it were “run like a business.”

Being on a lifeboat does not sound like a pleasant experience. You’re hungry, baking under a hot sun, surrounded by sharks and endless miles of ocean, and the extent of your living space is maybe ten square feet. Being stuck on a lifeboat is not an ideal way to enjoy the ocean.

So given that being stuck on a lifeboat sucks so much, wouldn’t it be best if we just got rid of lifeboats? This is the logic of people who advocate shutting down sweatshops.

Whenever we talk about tax cuts and growth-oriented tax programs in Europe, many tell us that “it is not possible” and that the European Union does not allow it.

However, it is false. Attractive, growth-oriented tax systems are not only possible in the European Union, but those countries that implement them have higher economic growth rates, less unemployment, and a well-funded welfare state.

To deceive us, we are forced to ignore Ireland, The Netherlands, and Luxembourg as well as most of the technology and job creation leaders.