Excuse Me, Madam Secretary
Oh, one last thing. Brazil doesn't have the highest ratio of tax revenue to GDP in the western hemisphere. Cuba does.
Oh, one last thing. Brazil doesn't have the highest ratio of tax revenue to GDP in the western hemisphere. Cuba does.
Not only have they been mobilized for libertarian action and educated in libertarian ideas, including opposition to the public schools and the idea that taxation is theft, but the politicians have begun to knuckle under to their vociferous demands and actions.
It's been spend, spend, spend ever since. And as credit lines increased, so did the size of the ships.
To put it differently, morally significant action has to be freely chosen, not mere proper behavior.
The argument of sticky wages does not justify the existence of a central bank. Market prices, including wages, are flexible enough to smooth out macroeconomic disturbances.
"Whenever the central bank inflated itself into financial trouble, the government stood ready to allow it to suspend specie payments."
Judge Andrew Napolitano interviews Professor Walter Block on free-market environmentalism, 27 May 2010.
Roosevelt solidified trends toward centralization that had been at work since the 1860s and institutionalized what amounted to a revolution in the American form of government.
With Man, Economy, and State, Mises concluded, "Rothbard joins the ranks of the eminent economists."