Since 1997, the federal government's office space has expanded by 280 million square feet. The average American family homestead is 2,100 square feet. The massive Empire State building fills 2.1 million feet. Thus, in only five years the federal government's physical size has grown by 134,000 single family homes or 90 Empire State Buildings.
Foreign policy from Truman to the Reagan exacted a huge toll on American prosperity, diverting resources and expanding the government's grip on national life, writes Karen De Coster. A new book by Derek Leebaert sizes up the actual price that we paid for granting government military planners and their connected industries a blank check.
Any manager of a private trust fund who would dare to spend the funds entrusted to him and replace them with his IOUs would face criminal charges, writes Hans Sennholz. When the U.S. Treasury does it, it is called "creative financing." But there is a price to be paid.
Arthur Andersen's transgressions have opened the doors to unbridled regulatory madness, writes Karen De Coster. The effect of legislation (like CARTA) will be to replace the oversight bodies that currently watch over the accounting profession with regulators who will do an even worse job of it.
This is how government works: If you can be really egregious at what you do--say you run Amtrak, the Defense or Education departments or, better yet, the SEC--you scream out that there is a dire national need. Then it will be easy to find legislators to turn on the money spigot for you and give you “whatever” you need.
The costs that the "War on Drugs" imposes upon people cannot be underestimated. We bear the costs of building and maintaining prisons, and the burdens of creating vast new classes of people who are called criminals because they have engaged in mutually agreeable exchanges with other people.
In his first inaugural address, Lincoln said he had no intention of disturbing slavery, and he appealed to all his past speeches to any who may have doubted him. But with the tariff it was different, notes Thomas DiLorenzo. Lincoln was willing to launch an invasion that would ultimately cost the lives of 620,000 Americans to prove his point.
Social Security is not an insurance program. A Social Security "account" bears no legal resemblance whatsoever to a bank checking or saving account. Social Security bestows no contractual rights or any other type of property right on workers. In other words, Social Security as it is currently structured has nothing to do with legally enforceable promises or guarantees.
Germany today, argues Frank Vogelgesang, is a country marked by often suffocating regulation, a social security system that lies like a wet blanket over the private sector, and a labor market in desperate need of breathing room. This goes against the kind of market economy envisioned by Ludwig Erhard after World War II, based largely on ideas of the Freiburg School with its intellectual roots in the Austrian School.
The meltdown of liberty can be stopped. But it won’t be stopped until those who understand the problem speak out courageously against the clear and present danger, which is the state at war. It is a danger even if the state wins. As Mises says: "no citizen of a liberal and democratic nation profits from a victorious war."
