Lou Dobbs Thinks You’re a Fool

Lou Dobbs is not a fresh voice of opposition to the government, writes Angelo Mike. He does not offer us anything more than centuries old, antiquated notions of mercantilist policies of protection, which plunder the many consumers in order to protect his favorite class of people. He supports the very policies of destructionism, economic nationalism, and protectionism which create more and more economic crises, for which the tax payers need to be shaken down again and again to foot the bill and subsidize those pet industries which guys like him like.

Fallacies of the Negative Income Tax

Henry Hazlitt advocated the “negative income tax” long before Milton Friedman, but later realized the problem with the idea. It is either inadequate at the lower end or excessive at the higher end. The unpalatable truth seems to be that whenever we try to “increase incentives” by reducing a relief payment by less than a dollar for every addi­tional dollar of self-earnings, we solve an immediate problem at the cost of building up a bigger problem for the future. And the negative income tax has created a problem indeed, and politics has so far forestalled a solution.

Imperialism and the Logic of War Making

[This is a revised version of a lecture given October 28, 2006, at the Mises Institute’s Supporters Summit.]

Praxeology and War

Commentaries on war stretching back more than two millennia to the Peloponnesian Wars have enshrouded the fundamental causes of war in an almost impenetrable fog of myths, fallacies, and outright lies. In most studies, war is generally portrayed as the inevitable outcome of either complex historical forces or accidental circumstances generally beyond the understanding or control of the human combatants.