For every tax dollar extracted by state governments, the federal government demanded nearly 3.5 dollars. Even if combined with local taxation, the Federal government is the biggest tax collector by far.
President Trump’s so-called populism really is a mish-mash of protectionism, increased government spending, price controls, and some deregulation. Don’t expect good results.
Through it all, we will likely hear the regime come up with every reason under the sun to explain rising prices in terms other that the real cause: monetary inflation.
Some economists are claiming that applying AI in energy markets helps to solve the Hayekian knowledge problem. They fail to take into consideration that many of the “cheaper” energy choices are heavily subsidized, thus hiding their real costs.
This Tax Day, as the American public reflects on what our government is using our money for, there is growing opposition to the behavior of the Israeli government. Yet we’re all still forced to send it some of our hard-earned tax dollars. Enough.
In this time of war and uncertainty, we should expect to see the prices of precious metals rise and fall and the only certainty will be uncertainty.
There is no shortfall of liquidity in financial markets. In fact, there is so much that inflation has become a way of life for market participants. This is not a good thing.
All too often, judges allow sentiment to override the Constitution. While they might refer to a “living Constitution,” what they really mean is that they don’t permit the law to get in the way of their worldviews.
Nearly one in five US tax dollars now go to paying interest on the federal debt. Debt and spending are set to surge even more as war costs mount and interest rates rise.
Javier Milei, whatever one thinks of his time in office, is surely the only national leader in the world who claims Murray Rothbard has inspired many of his actions to stem the economic and social decline in Argentina.
