Because the rich generally save and invest more of their income than the less wealthy, they are the primary builders of the pool of available capital. Taxing away their incomes means less capital for everyone.
The best social policy is one that supports job creation and rising wages. Entitlements do not make a society more prosperous, and ultimately drive it to stagnation.
The mission of the Mises Institute is simple. We want to spread the ideas of Ludwig von Mises and the scholars he inspired.
The Fed could certainly encourage more price inflation if it wanted to. But it seems the real goal is not steady inflation, but support for the financial sector.
When Vikings robbed their victims, they often called the booty gjald (debt) as if the stolen goods were repayment for a service provided by the robbers.
Thomas Sowell has explained that while "Marx may have explicitly advocated the idea of a democratic workers’ government, his own personal style was dictatorial, manipulative, and intolerant."
Rent control in Ontario has restricted the supply of housing while lowering the quality of available units.
Although huge government expenditures are not in themselves inflationary, a large deficit is almost certain to be financed by inflationary means—by directly or indirectly printing more money.
The stock market does not have a life of its own. In a relatively free economy, success or failure of investment in stocks depends ultimately on the same factors that determine success or failure of any business.
Mises thought that social cooperation through the free market resulted in peace and prosperity, regardless of whether people or societies accepted this or not.
