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Biden's spending plan is presumed to be costless, because it will not increase the national debt and since it will be paid for by imposing $2.1 trillion of higher taxes on those designated as "rich."
Philosophy and Methodology
"Praxeology … does not deal in vague terms with human action in general, but with concrete action which a definite man has performed at a definite date and at a definite place."
While the US was able to give the Soviets a bloody nose by pouring billions into the mujahideen, it’s undeniable the US created a Frankenstein's monster that ended up turning on its creator.
The Soviet military invasion was in no sense an arrogant drive for the conquest of all of southwest Asia. It was an act, not of strength, but of profound weakness.
Money and Banks
The current surge in inflation is not due to a shortage of supply as central banks want us to believe. It is primarily due to soaring consumer demand fueled by monetary creation.
Overestimating foreign "threats" is a threat in itself. It invites wasteful spending while provoking "enemies" who would not have been rivals otherwise. John Mueller explains in his new book.
War and Foreign Policy
If fairness is a concern, there’s an easy way to achieve fairness on this issue: abolish the Selective Service for everybody. It’s as easy as that. It wouldn’t even cost a dime of taxpayer money.
Why do individuals desire to have money, which cannot be consumed and produces nothing? To provide an answer to this one must go back in time to establish how money emerged.