Taxes and Spending
The passage of an income tax in the early twentieth century in America was an enormous shift toward a far more centralized and powerful state.
Austerity need not be painful when the contraction of the public sector is accompanied by the expansion of the private sector. Thus, the real solution lies in fostering more progress in entrepreneurship and private ownership.
Decentralization and SecessionImmigrationPolitical TheoryPrivate Property
Big GovernmentWorld History
Money and BanksMoney and Banking
The consequences of counterfeiting are the same regardless of who does it. The counterfeiters are exchanging nothing for something — thus stealing from those who create real value.
A "neutral" interest rate cannot be observed through any statistical test or public policy. But central bankers are sure they can find it and use it to endlessly tinker with the economy.