Sen. Tommy Tuberville recently claimed that Trump‘s tariffs will improve the economy, but only after a period of painful adjustment. “No pain, no gain,” he said. The truth is that the tariffs will inflict pain without any net gains.
This article delves into the real cost of war as explained by Joseph Salerno in his book Money: Sound and Unsound. Contrary to Keynesianism, war destroys wealth and destroys an economy from within.
While attempts to eliminate USAID are garnering a lot of publicity, the truth is that the foreign aid budget needs even more cutting than the Trump administration is willing to do.
Phasing out the Department of Education is a step in the right direction towards an increasingly market-oriented system of education.
Belief in the fairy tale known as Modern Monetary Theory not only is endemic in US academic and government circles, but is also making headway in Great Britain. We are being forced to learn all over again the lessons of inflation.
Five years later, the rebranding of the covid pandemic is already happening and, unfortunately, showing some success. This is similar to how the New Deal was rebranded as a resounding success when it was a measurable failure.
President Trump has promised “billions and billions” of dollars in new revenue from his tariffs not to mention economic rejuvenation. The odds are not in his favor, to put it mildly.
Totalitarian bureaucracy necessitates a constant state of crisis and there is no better creator of crises than imperial machinations.
Five years ago, the spread of the Covid-19 virus gave politicians the excuse to go full totalitarian. Their fear-based campaign consisted of authoritarian measures that were based on lies and half-truths.
While Elon Musk and his DOGE team have made some highly-publicized “cuts” in federal spending, much of the federal budget has been hammered in stone for a long time. It will take fundamental changes in spending patterns to make a real difference.
