All government agencies intervene in people’s lives and liberty. The entire government bureaucracy exists precisely to do that. These agencies have an impact on social life and facilitate government spending. Whoever holds these positions, with matching differences in power and relevance levels, will serve at least a minimally statist agenda. In consequence, unless an agency and everything to do with its inner workings is completely abolished, the impact of the agencies can only increase, maintain or decrease.

As this election cycle has demonstrated yet again, Democrats are not shy about calling for tax increases. In every election cycle they call for more taxes, whether through corporate taxes or through taxes on unrealized capital gains. 

Donald Trump, meanwhile, has pledged to cut some taxes. I say “some” because Trump has also pledged to raise taxes on imports.

Nonetheless, Trump ran on the idea that he would reduce the tax burden on Americans if elected.  

Both presidential campaigns are making outlandish promises in the waning hours before election day. Kamala Harris claims she will stop corporate price gouging with government force. The legislative mechanics of how she would do this are unknown. Prices distribute goods. A high price is a signal that more of that particular good should be produced. Increases in the level of all prices is caused by inflation of the money supply. Price inflation indicates a drop in the purchasing power of money. Murray Rothbard explains what will result with Harris price controls: