Big Governments’ One-Two Punch: Scope Creep, Then Wartime Deprivation
Governments do two things: they grow and they deprive citizens of their wealth. That process has not changed for more than a century in the USA.
Taxes and Spending
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Social Justice and the Free-Rider Problem
The political passion for "social justice" is creating a larger free-rider problem and a problem of injustice.
Social Justice and the Free-Rider Problem
The political passion for "social justice" is creating a larger free-rider problem and a problem of injustice.
The Debt Ceiling Debate Was Pure Theater
When it comes to the debt ceiling, political parties are irrelevant, and the recent debt ceiling drama, was little more than a sham.
Two More Elephants in Your Electric Vehicle
On this week's episode, Mark summarizes some problems with taxpayer-subsidized EVs.
Socialists Should Support Government Default: Their Forebears Certainly Did
Socialists like Bernie Sanders have decried the possible US government debt default. Marx and Lenin would have vociferously disagreed.
Myth #4: Every Time the Fed Tightens the Money Supply, Interest Rates Rise (Or Fall)
There are several causal factors operating on interest rates and in different directions.
More Federal Debt Means More Taxes, Less Growth, and Weaker Real Wages
2022 was a warning sign that debunked the myth of eternal monetization of debt with low inflation. It is time to be serious. High deficit spending is not a tool for growth, but a tool for cronyism and a burden on the future.
Myth #3: Tax Increases Are a Cure for Deficits
Curing deficits by raising taxes is equivalent to curing someone's bronchitis by shooting him.
Republicans Fail on the Debt Ceiling in 2023
Despite "concerns" about increasing federal debt, in the end Republican legislators have gone along with whatever the ruling elites want. The Limit, Save and Grow Act of 2023 is more of the same.
