His policies took more than a million people off the income tax rolls, and 98 percent of Americans paid no income tax at the end of his term. As a result, America prospered under Coolidge. Real economic growth averaged 7 percent per year while he was in office.
Murray Rothbard and Milton Friedman didn’t only disagree on the subject of economics. They also sharply disagreed on the direction American conservatism needed to go.
The common belief is that increases in the stock market drive overall economic growth. Expansionary monetary policies, however, are responsible for driving up stock prices even as they simultaneously damage the economy.
The accusations against capitalism that we read not only from progressives but also conservatives are based upon fallacious thinking. It’s time to deal with these fallacies head on.
Join Tom DiLorenzo, Joe Salerno, and Patrick Newman in Tampa to uncover the state’s deceit and reveal what inflation really is: deliberate debasement of the dollar to create winners and losers.
British conservative critics of industrialization invented new terms like "wage slavery," "factory slavery," and "white slavery." Much of the conservatives' terminology and their arguments would later be adopted by socialists.
Israel is a wealthy nation, yet it also is the largest recipient of US foreign aid. Are those aid dollars value-adding or value-destroying?
The standard line from US political elites is that failure to aid Ukraine would mean Russia's destruction of what is left of the country. However, the likely result would be a negotiated peace.
Ostensibly to combat "disunity," political elites have called for Americans to unite over the "public good." However, the policies these elites want to put into place are the very cause of disharmonies in the first place.
Government intervened into home mortgages to subsidize home buyers and make home ownership more "affordable." As with most interventions, the results have backfired as home prices and mortgage rates skyrocket.
