It was the absence of income taxation and a hardly noticeable regulatory regime that were the most important policy issues related to post-Civil War growth, along with the existence of the gold standard (in various forms).
It is not just the future generation who bears the burden of increased government debt, but the current generation who pay the interest to the banks and corporations through higher taxes and higher price inflation.
The advocates for war always rely on lies and dismissing any debate. When the lies are pointed out, those interested in the truth are attacked as conspirators with the enemy. Debate is beneath the foreign policy “experts,” perhaps because they know their ideas aren’t defensible.
If “consent” is said to be meaningless due to its supposed tampering by capitalist forces, the same logic could be applied to “rebellion,” with the only difference being that it now comes from the left.
Mises said, “The continued existence of society depends upon private property.” Private property is essential for exchange, economic calculation, and many more pillars of human civilization.
President Trump called the day he announced his tariff plan “Liberation Day,” but President Trump’s tariffs, along with his support for war, could obliterate what is left of America’s peace and prosperity.
The only beneficiaries of the increase in tariffs are the government and a few companies that benefit from limited competition while everyone else is worse off.
Liberation Day morphed into an Obliteration Day of everyone’s retirement account in a matter of minutes as Trump’s tariffs were announced.
President Trump issued separate presidential proclamations to increase tariffs to 25 percent on all US steel imports and raise tariffs from 10 to 25 percent on all aluminum imports. What are some of the unintended consequences?
Milton Friedman, who achieved most of his fame in the 1980s with the television series Free to Choose, first proposed vouchers for educati
