Big Government

Thanks to the exponential growth of government and regulation, the optimistic society of Back to the Future is fast becoming the dystopian world of Escape from New York or Death Wish.

Is a true populist US government on the horizon? Probably not.

After an earlier article by Zachary Yost on a call by military “experts” to reinstate the military draft, the authors of the original paper are trying to back off on their original recommendation. But there is no doubt as to what they want the government to do.

President Biden claims that spending money to send weapons and ammunition around the world is good for the US economy.

The countries have changed, but the story remains the same. Wealthier countries try to “invest” by lending money to African regimes, where the money disappears. This time, China is the big lender.

American culture wars are not the product of religious fundamentalists or even activist groups. They exist because of state interference in the private lives of individuals.

Sponsored by Jule and Lynne Herbert.

Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023.

As the Biden administration ramps up new government spending—and budget deficits—to unheard-of peacetime levels, reality sets in. No economy and no currency can withstand this explosive assault for very long.

The leviathan US state would not be possible without the Fed underwriting its growth. But the Fed is not all-powerful, nor can it continue to exist by only creating chaos.