A common refrain among college fans is, "The Transfer Portal and NIL are ruining college sports." But are they? Before we can answer that question, we have to be able to explain what is happening, and Austrian economics provides the best analytical tools.
Like Santa, who gives free gifts to our children, people think of the state as providing services “for free.” However, the state cannot provide anything without first confiscating wealth from others—like the Grinch, who first stole all the presents in Whoville.
The child-like obsession with buying stuff that American society is often criticized for around Christmas is a sought-after result of our government’s monetary policy.
The National Socialists wanted to to absorb all independent Christianity under the new pagan nationalistic doctrines of the German state. Christmas was at the center of this.
President-elect Donald Trump has declared that he will raise tariffs his first day in office. Our economy, however, does not need government-created roadblocks to trade. Instead, we need free exchange and sound money.
War is the outcome of class conflict inherent in the political relationship — the relationship between ruler and ruled, parasite and producer, tax-consumer and taxpayer.
Modern historians tend to view the post-Civil War Reconstruction period as a time when the victorious northern states attempted to bring law and order to the South. However, by establishing a de facto police state, the North further poisoned relationships between whites and freed slaves.
States can vastly expand their own power when they can print their own money. This is why virtually all governments have a central bank.
One of the fallacies pushed by monetary economists is that a growing economy needs a growing supply of money in order to prevent deflation, which they claim is as harmful as inflation. However, as Austrians point out, there is no “optimum” amount of money in the economy, since prices adjust.
We won't stop educating the future champions of freedom. We are in this together, “this” being nothing less than the battle to save Western civilization from the latest onslaught of socialist tyranny.
