Taxes and Spending

A perpetual and unlimited debt brings the cheapening of money and then inflation, whereby the middle class is economically murdered in its sleep. 

American revolutionaries revolted in part over high tariffs, but the new American state immediately began raising tariffs after the revolution, and tariffs have played an important role in American wars, imperialism, and crony capitalism ever since. 

Coming in Monday’s Mises Daily, Patrick Barron will explore the moral hazard that often plague

Austerity is nothing more than allowing the private sector more control over what it produces. Those who argue against austerity are claiming that government will more wisely spend, invest, and save than private persons and firms. 

Recently, Peter G. Klein appeared on the “The Wilkow Majority” radio program.

Mark Thornton explains why Obamacare is simply one more step along the road to health care serfdom.

One lesson from the United States’ Obamacare debacle has been that if Congress can’t get its way through regulation, it can always resort to taxes.

If you use the word contagion these days, people are likely to think you’re talking about

Contrary to the political myth, poor people do indeed pay taxes, and they pay into a system that robs them of control over how they can spend, save, or invest their own property. In addition, the poor are taxed by a perverse incentive structure that punishes their financial success. 

In the US, many pension plans are hopelessly underwater as the economy heads into troubled times.