The GOP’s problem of establishing itself as the party of limited government has much more to do with action not rhetoric, framing, or sound bites. Actual actions speak much louder than words. The Republican power elite still remains, by action, a party committed to what is now called crony capitalism but should be more appropriately recognized as modern mercantilism, the unvanquished foe of liberty.
An out of print (1991) publication of the Federal Reserve Bank of Chicago provides an excellent summary of Fed money mechanics.
Mises Daily Monday by Logan Albright:
The neo-mercantilist Export-Import Bank is being pushed with bipartisan support yet again. We’re being told that the Ex-Im Bank is good for private enterprise. It’s no doubt good for some private companies, but there’s a difference between private enterprise and free enterprise.
Free-market economists often point out how the government's economic policies cause poverty and hurt the poor. The response is often to shoot the messenger.
At 35 percent, our corporate tax rate is the highest among developed countries. The Land of the Free has a higher corporate tax rate than socialist-run France.
I am interviewed on Power Trading Radio about the Skyscraper Curse and Cyber Security Issues—Biggest Bank Heist in History!
Mises Daily Friday by Ryan McMaken:
J.C. Chandor, writer and director of 2011's Wall Street drama Margin Call tackles economics once again with his new film A Most Violent Year. This time, Chandor explores barriers to entrepreneurship in a world dominated by corrupt government, labor unions, and organized crime.
Mises Daily Thursday by Frank Shostak: True credit can only expand if the stock of real savings and real wealth expands. Unfortunately, fractional reserve banking and central banks facilitate the expansion of false credit which diverts resources from true wealth producing activities.
Richard Ebeling's three essays on highlighting Mises's work when he was a senior economic analyst for the Vienna Chamber of Commercein Vienna are a marvelous introduction to the great Austrian economist, and a must read for economists, historians, and curious laymen.
Mises Daily Wednesday by Frank Hollenbeck: The Europeans have decided to limit funding and credit extended to the Greeks. This puts the Greek financial system under pressure, but there are free-market solutions that could set the Greeks on the path to a sound economy.
