Big Government

President Biden’s student loan forgiveness scheme is really Robin Hood in reverse, transferring wealth from people from lower-income groups to those who are relatively affluent.

What does the state do when in a financial fix? Unlike the rest of us, it legally counterfeits. By so doing, it transfers wealth to those who are politically connected—and then lies about it.

Asset forfeiture is another term for state-sponsored theft. Reform of this pernicious policy is almost impossible because of the incentives set up by governments at all levels.

With the world moving more and more in the direction of trade protectionism and war, it is worth remembering the origin of the fallacies upon which this movement is based.

Jonathan Newman joins Bob to respond to Robert Reich's new series on "economic myths."

Thanks to the war uniparty that controls Washington, Americans are mired in endless wars and military and political intervention. As Washington creates legions of new enemies, the future for average Americans grows uncertain.

According to an article in The Atlantic, Washington is turning away from its previous commitment to “free trade.” However, there never was a “free trade consensus” because Washington always has sought state-managed trade.

Alex Pertsev, a developer of Tornado Cash, has been sentenced to prison by a Dutch court for helping build a platform that guarantees financial privacy. If there is one thing the state cannot tolerate, it is someone making financial transactions without government agents watching.

When it comes to calling out government economic intervention, it is easy to forget that the fundamental reason for the state’s stranglehold on the economy is the government’s monopoly on creating and maintaining money. It is time to end the monopoly.

Welfare is usually seen as state-run activity. Yet, as Mises and others have noted, state-sponsored welfare undermines the economy and expands government power. Private charity is the only system that is sustainable and just.