The Next American Revolution Won’t Be Like the First
Is a second American revolution imminent? Frankly, I doubt it.
Is a second American revolution imminent? Frankly, I doubt it.
Due to the exponentially increasing popularity of artisan, small-batch foods, governments everywhere had to react quickly to control these horrifying and hazardous-to-our-health voluntary market transactions that were taking place everywhere. Michigan, for instance, is a state where wonderful and unique artisan and local products are easily obtained – there’s Detroit Eastern Market, the zillions of local (suburban) farmers markets, rural farmers selling products on property food stands, and small, specialty stores that are just about everywhere.
If the government merely returned to its 2003 spending levels, then the current revenue stream would be enough to pay for everything.
Governments and their intellectual front men believe that nothing unites a population like a war. Actually, that’s not quite true. If you truly want to unite a population, here is a key: drive the dictator out of the country. The fleeing of a despot always leads to unparalleled and authentic celebration.
The idea of consumer sovereignty was central to Mises’s understanding of the market economy. According to this understanding, consumers shape the pattern of resource use and the assignment of resource rewards according to their preferences. The outputs being produced at any date, the methods of production being employed, and the rewards being given to the various owners of productivity are those dictated by consumers.
I discussed sweatshops and immigration in my Forbes column a few weeks ago.
It’s appropriate that this was released today in light of this morning’s discussion of sweatshops. Here’s the last in a series of LearnLiberty.org videos from Benjamin Powell:
The dream of Keynesians like the late Paul Samuelson is slowly taking place. The use of cash has declined to the point that the government has slowed its printing presses. The New York Times reports ,
Great column by Sheldon Richman in The Freeman, with yeasty discussion in the comments: