Taxes and Spending

Mark Thornton explains how mounting national debt crowds out private investment, fuels inflation, and burdens future generations with the costs of government spending.

Historically, with the state came the church, and with the church came the state. This insight is key to understanding the underappreciated role of religion in the American Revolution.

Historically, with the state came the church, and with the church came the state. This insight is key to understanding the underappreciated role of religion in the American Revolution.

Until it deals with a radical and serious reckoning with the broken structure of their modern national governments, supported by compliant central bankers, we should continue to expect the 2020’s to be a crazy decade for politics throughout the West.

Three ways to pay for a war, and the anomaly in how soldiers were paid.

On this episode of Power and Market, Ryan, Connor, and Tho look past the political circus of midterm candidate campaigns to the state ballot initiatives on the ballot around the country.

This week, Bob does a deep dive on the accounting argument at the heart of MMT, as a teaser for his chapter in the Mises Institute’s forthcoming book, Anti-MMT: The Errors of Modern Monetary Theory. 
 

The proposed California Wealth Tax is promoted as a tool for “social justice,” yet according to the standards set by F.A. Hayek, it undermines the rule of law, not to mention justice itself.

One of the most popular ideas in the Keynesian lexicon is the belief that through monetary manipulation and government outlays, an economy can spend it self rich, thanks to the “multiplier.” It is dangerous nonsense, like so much else of what Keynesians preach.

On this episode of Power and Market, Patrick Newman joins Ryan and Tho for a discussion on Social Security, generational economic tensions, and the latest inflation numbers (spoiler: they're bad.)