Taxes and Spending

Over time, the demand for reparations has evolved from a demand to compensate specific victims to became just another call for more funding from a national welfare state.

As 20 million Americans fall into unemployment, no crisis is so big that anyone in Washington would think of cutting military spending, including dollars spent on military gear for cops.

If there is a new dawn, it is for the Sinicization of Europe—China-style stimulus administered alongside a severely ailing financial system kept whole by widespread financial and monetary repression.

Debt is neither free nor irrelevant, as interventionists want us to believe, even if interest rates are low. More debt means less growth and a slower exit from the crisis, with lower productivity growth and a tepid employment improvement.