High inflation spurred Donald Trump’s defeat of Kamala Harris last November. The economy was the top issue for most voters, and inflation was the top economic issue. As Biden’s partner in economic crime, Harris could not escape the blame for the torpedoing of the dollar’s value.
President Trump is levying high tariffs without consent of Congress, despite the fact that the US Constitution gives only Congress the power to set tax rates. It is time for Congress to stop redelegating its lawfully-delegated powers.
The Fed is losing record amounts of money, but in the magical world of money-printing, it‘s not a problem for the Fed. It‘s just a problem for the taxpayers.
In a post-Cold War world, there is an opportunity to find useful insights among even the New Right that Rothbard loathed. James Burnham‘s The Managerial Revolution produced important points about the relationship of government and business.
Thus far, DOGE has introduced the American public to countless examples of wasteful spending. Unsurprisingly, the benefactors of the system see this as a great injustice.
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.
