Beyond the usual arguments about incentives and taxes, a Universal Basic Income is a dangerous policy that supercharges the state and threatens to heighten tensions between different groups in society.
European central bankers hate the few rules that restrain the eurozone's profligate spenders. But those rules are what keeps a currently dangerous system from spinning totally out of control.
What would Murray Rothbard have said in the planned chapter 10 of his nine-chapter manuscript on the Progressive Era? Patrick Newman reveals Rothbard's target: the fourth party system (1896–1932).
