Taxes and Spending

Bob discusses common talking points that pro-free-trade economists often use when making the case against tariffs.

In Misesian thinking, only negative outcomes can ever result from dependence on government transfers.

The evidence is quite clear. It really doesn't matter who's in the White House long term. Spending will continue to go up, and they'll be using the tax code to manipulate interest rates.

Would America’s federal government deliberately undermine recovery efforts to try to achieve its own desired political ends? Of course.

While the US dollar is the world's “reserve” currency—at least for now—the reckless spending and money creation policies of the US government place the dollar in peril. 

Trump’s tax reform just replaces one tax with another. And would probably result in higher taxes. 

FEMA’s very existence and response mechanisms are fundamentally flawed.

One of the myths of Keynesian theory is that through monetary injections and government purchases, an economy can spend itself into prosperity. While such a scenario is economically impossible, most mainstream economists still believe it.

While the US dollar is the world's “reserve” currency—at least for now—the reckless spending and money creation policies of the US government place the dollar in peril. 

Would America’s federal government deliberately undermine recovery efforts to try to achieve its own desired political ends? Of course.