Income inequality is frequently portrayed as a fundamental problem in the United States that erodes social cohesion and economic mobility. Media outlets and advocacy groups regularly highlight narratives of stagnant incomes and an ever-widening gap between rich and poor. However, closer examination of income data reveals that these depictions are hyperbolic, if not outright misleading.
On January 24, 2025, President Donald Trump ordered an immediate freeze on virtually all US foreign aid and issued a “stop-work” order on current grants and contracts, effective immediately. It was the start of what promises to be one of the major policy changes on US foreign aid during his administration. This is a step in the right direction as it shows an understanding of the negative consequences of an interventionist government and places emphasis on personal responsibility.
[Progressive Myths. By Michael Huemer. Self-published, 2024]
By way of executive order, President Trump aims to implement a Sovereign Wealth Fund in the United States. A 90-day deadline has been set for the official plan, requiring various officials and departments to quickly collaborate on its development. But what are some of the implications? What could this look like?
The UK economy has continued to flatline for the entire second half of 2024. Nothing seems to happen in the UK anymore. There seems to be an atmosphere of decline. House prices are becoming absurd, but no houses can be constructed. Businesses on the high street are closing, but new ones cannot replace them. The examples go on and on, creating a quite grim mood amongst society.
Modern Monetary Theory posits that the way that we think about the economy is largely incorrect, that money is merely a legal and social tool—a fiat-token that can be wielded (along with taxation) in order to rearrange and utilize scarce resources in an economy to their full potential.
In 1992, Murray Rothbard outlined a strategy for confronting the American regime that relied on transforming critiques of state intervention into a full front culture war. In his words, the intellectual battle “must necessarily be a strategy of boldness and confrontation, of dynamism and excitement, a strategy, in short, of rousing the masses from their slumber and exposing the arrogant elites that are ruling them, controlling them, taxing them, and ripping them off.”
As immigration levels have grown in many Western countries, concerns over the politically destabilizing effects of large-scale migration have prompted a continuing debate over citizenship. As we’ve noted here at mises.org, many European states have consequently moved toward greater restrictions on citizenship. Other states, such as the United States and Canada, have yet to embrace any new limitations on naturalization laws.
