Unable to compete with cheap, government-subsidized services designed for the low end of the market, entrepreneurs find they must turn to higher-end customers who will pay more. Some wrongly interpret this as proof that markets are more expensive than government services.
The drop in gas prices has left households with a little extra money to spend. So naturally, the state thinks it's a great time to raise gas taxes. Otherwise, taxpayers would just waste that money on their families.
States could attract more businesses and jobs by lowering taxes and making government smaller.
States could attract more businesses and jobs by lowering taxes and making government smaller. But since governments hate cutting taxes and regulations, they instead choose to lure new firms with temporary tax breaks and special favors.
Reducing government spending results in an immediate increase in welfare for all productive members of the economy. But, the way we calculate economic growth is rigged to make it look like more government spending fuels economic growth.
Keynesians believe that more government spending leads to more economic growth, but in addition to crowding out productive enterprises, government spending necessitates the transfer of wealth from the productive class to the government class.
Those who voted for the omnibus to avoid a shutdown fail to grasp that the consequences of blindly expanding government are far worse than the cons
Those who voted for the omnibus to avoid a shutdown fail to grasp that the consequences of blindly expanding government are far worse than the consequences of a temporary government shutdown.
US National Debt now exceeds $18 Trillion with no end in sight. Will we see national default on the debt or hyperinflation?
Ludwig von Mises understood that the unpopularity of taxes tended to limit the extent that governments could spend. But, if governments are freed from needing to raise taxes for revenue, as central banks allow them to do, they are unleashed.
