Profiles

It's time to default on the national debt. It's the moral thing to do. We often speak of the problems with the effects of the debt. But the debt itself is an abuse and an imposition on taxpayers. 

Murray Rothbard was a pioneer in analyzing taxation from an Austrian or causal-realist standpoint. However, he never explicitly engaged the standard theory of deadweight loss from taxation. This article develops the Austrian analysis of taxation further toward this end

The assertion that “tax-financed public goods can make us all better off” is just that: an assertion. As Rothbard showed, there is no reason to just assume consumers would pay for these amenities were they not forced to through taxation.