Either tariffs raise revenue from foreign imports or make imports expensive enough to protect domestic producers, not both. There is nothing magical about tariffs. They are taxes and they are paid by you.
In a bold and transformative move, President Donald Trump announced his administration’s intention to downsize the federal government by offering compensation to federal workers who voluntarily resign.
The Technocracy Movement was an offshoot of progressivism, and adherents believed that science and technology were the keys to creating a new Utopia. Not surprisingly, this “Utopia” was anti-individual freedom.
As the Trump administration cuts thousands of federal jobs, it‘s good to remember that the public sector‘s “services” provide no actual net value to the “national product.”
Like their American counterparts, libertarians in South Korea allied themselves with the conservative political factions and now are paying a price in the face of a political meltdown. As Murray Rothbard noted, it is better to go with principles of liberty than caving in to statists.
Jamaica is emerging as a rising economic power in Latin America and the Caribbean, widely regarded as an International Monetary Fund (IMF) success story.
The piggy bank originated about 500 years ago at the dawn of capitalism, when ordinary people started to possess silver coins. This 500-year tradition seems to be yet another “minor” detail of life that has been killed by a world dominated by fiat paper money.
Like Santa, who gives free gifts to our children, people think of the state as providing services “for free.” However, the state cannot provide anything without first confiscating wealth from others—like the Grinch, who first stole all the presents in Whoville.
Beef prices are rising again because of government intervention in the monetary system and in regulation of the beef industry. As American beef consumption falls, the entire industry is in trouble.
It’s only been a few weeks since President Trump became the 47th POTUS and already he is getting to work implementing his vision for the United Sta
