Liberals win in Canadian election. See results here.
The Liberal Party, led by new Prime Minister Mark Carney, is projected to form a minority government in a dramatic political comeback, defeating the Conservative Party, led by Pierre Poilievre.
The Empire Strikes Back
News this week that Elon Musk will soon be departing his “Department of Government Efficiency” (DOGE) is a grim reminder of what happens when you challenge big spending DC. Unfortunately, the lesson once again is that when you challenge the empire, the empire eventually strikes back.
President Trump rode into office with the help of Elon Musk’s ambitious plan to cut two trillion dollars in spending and slash useless and bloated government bureaucracies. Opinion polls demonstrated the huge popularity of the “Department.” Americans were excited when DOGE came to DC.
Equity, Racial Equality, and Wealth Redistribution
Ludwig von Mises warned that socialists are constantly changing their terminology to disguise their schemes, all of which are designed to undermine individual liberty and private property. Regardless of the terminology they use, their ultimate goal is to vest as much property as possible in the hands of the state or—failing that—to grant the state increasing power to assign and control private property. One major way in which the state controls private property is through wealth redistribution.
Don’t Like Tariffs on Food? Just Make Do with Less, You Glutton.
In February of 2023, as price inflation soared above six percent, and only a few months earlier hit a forty-year high, a columnist at the Wall Street Journal presented a solution for rising food prices: just skip breakfast!
NATO Needs to Be Terminated
MAGA, MAHA, and the Nanny State
Is Trump’s $5K Baby Bonus Bogus?
President Trump is considering paying mothers $5000 per childbirth. The rationale behind this proposal is obvious. Paying mother’s for giving birth incentivizes higher birth rate. A higher birth rate may reverse the projected decline in the US population. Of course, $5000 covers only a small part of the expense of raising a child. However, the marginal effect of an extra $5K would nudge couples who are close to affording an additional child.