Last year, the governor of Alabama proposed and then overwhelmingly lost a bitter referendum to increase taxes and boost revenue. Voters rightly saw the campaign as a slick attempt to expand the public sector’s power, prestige, and wealth transfers by increasing the degree of legal plunder in Alabama’s tax system.
Rothbard’s classic essay What Has Government Done to Our Money? gives a brief history of the rise and decline of the international monetary system, under The Monetary Breakdown of the West.
“Cheap energy is how we got into this mess.” ~ George W. Bush [Full Article]
What typifies the modern economy, writes Mises, is complex production that is a “continuous, never-ending pursuit split up into an immense variety of partial processes.” This complex structure of production generates a seemingly endless amount and variety of goods which not only maintains our life, but also makes life more pleasant.
A rare thing: An entertaining article about the views of two economists (WPost): “Economists are as plentiful in Washington as gators in the Everglades. This is the great swamp of statistics, the place where raw data is assembled, processed and analyzed for the purpose of creating rational economic policies. Statistics become ammunition in partisan wars. Each side accuses the other of using old, deceptive or irrelevant numbers.
