Our daily lives are determined by our choices as individual economic actors. When governments intervene in our personal economics, they intervene in our personal preferences and choices, writes Hunter Hastings. This audio Mises Daily is narrated by Dianna Keiler.
Ludwig von Mises understood that the unpopularity of taxes tended to limit the extent that governments could spend. But, if governments are freed from needing to raise taxes for revenue, as central banks allow them to do, they are unleashed.