Taxing Capital Leads to Capital Consumption
Progressive governments in the name of equity are calling for taxation of capital gains. They really are demanding destruction of capital through capital consumption.
Mises Wire
Price Inflation Growth Slowed Slightly in April. Now Wall Street Will Demand More Easy Money.
April was yet another month of declining real wages, and was the twenty-fifth month in a row during which growth in average hourly earnings failed to keep up with price inflation.
Progressives Want to Eliminate Wealthy Entrepreneurs but Need the Wealth They Create
Modern culture is biased against those that are rich even while depending upon the wealth that successful entrepreneurs have created.
Finance Discovers Sting: “How Fragile We Are”
Despite the soothing hot air from the White House and Fed officials, the financial system is becoming increasingly fragile and unstable. Maybe all of that intervention the past decade was not wise.
The Money Supply Has Plummeted in the Biggest Drop Since the Great Depression
With negative growth now falling to near –10 percent, money-supply contraction is now the largest we've seen since the Great Depression.
Rothbard’s Button Doesn’t Exist, but It Needs to Be Invented
In 1948, Ludwig Erhardt rescued a German economy that was in shambles simply by invoking free markets and currency reform. Our economy needs its Rothbard moment.
Is There an Optimum Growth Rate of Money?
Monetarists believe there is an optimum growth rate of money. However, a fiat money system itself is unstable, so there is no optimum growth rate.
NATO’s Great New Idea: “Let’s Start a War with China!”
Last week NATO announced that it will open its first-ever Asia office in Japan. What next, NATO membership for Taiwan?
Did Tucker’s Last Major Guest Lead to His Firing?
Tucker Carlson has rankled the ruling elites for many years. But was his interview with Robert Kennedy Jr. a bridge too far?
Comprehensive Reform versus Piecemeal Reform
Should political reform be the result of a much-discussed comprehensive plan? Or should it come about through decentralized decision-making that deals with the situations at hand?
