By decreasing the real output derived from national resources in this manner, the VAT necessarily decreases the material standard of living for all of a nation's consumers.
As I see it now, democracy is not to the advantage of the demos, it is to the advantage of the power elite.
A panel discussion with Walter Block, sponsored by the Federalist Society at University of Tennessee College of Law on 26 January 2009.
Partisans on both sides of the debate concede that if the United States imposes unilateral emission cuts, there will be a negligible effect on global temperatures.
"The division of labour is limited by the extent of the market." The extent of the market, however, is best defined by entrepreneurs and consumers, not regulators.
This is a concise critical history of the federal program of Old-Age, Survivors and Disability Insurance (OASDI), popularly known as Social Security.
Recorded at the Mises Institute’s Brown Bag Seminar series on 9 October 1996.
The Social Security system has run its course. It's unfair and it's economically destructive. It's time for the program to be abolished.
Freedom, choice, and capitalism will pay a dear price because a group of government bureaucrats, on the receiving end of political favors, will run a major sector of the US economy and foist a prescribed lifestyle upon American consumers.
