[Newsweek column from May 26, 1952, and reprinted in Business Tides: The Newsweek Era of Henry Hazlitt.]
At his press conference on May 8, Mr. Truman, asked whether the chief danger was inflation or deflation, replied that the country had to guard against both: and that was why it was necessary to have control powers — to prevent either one.
Judge Andrew Napolitano and Gerri Willis discuss Trump’s new tariffs and how they will affect everyday Americans.
Not surprisingly, Napolitano takes strong anti-tariff views, and also notes it’s unconstitutional for the President to impose taxes without the explicit approval of Congress. wishing to dodge responsibility, however, the Congress has abandoned its role in taxation.
In his introductory remarks, last week, Joe Salerno articulated the strategic importance and uniqueness of the Mises Institute’s annual Austrian Economics Research Conference. If you missed the live broadcasts, those videos are available on Mises.org.
International trade hasn’t had a very good time lately.
“Globalism” and “globalization,” are terms that suffer from a lack of any precise definition. The terms are used freely by a wide variety of commentators to mean both good and bad things — many of which are opposites of each other. Sometimes globalism means lowering trade barriers. Other times it means aggressive foreign policy through international organizations like NATO. Other times it means supporting a global bureaucracy like the United Nations.
The DC Swamp continues to fester, but there is still interesting work being done at the State level. Particularly interesting is what we’ve seen so far this year in Wyoming.
Earlier this month, the Wyoming legislature became the latest state to modify their state laws to challenge the Federal Reserve’s monopoly on money.
