Thursday, January 21

Month: September 2020

Government Reminder – Taxes = Civilization
Editorials

Government Reminder – Taxes = Civilization

by Judson Crabb With the collective heads of the media industrial complex exploding about the release of President Donald Trump's taxes, I thought it might be a good time to reexamine a few of the quality government programs our tax dollars go to fund. Keep in mind, this list is nowhere near exhaustive and only covers certain expenditures which have been publicized to some degree over the last decade (parenthetical notations are included by the author and are in no way an attempt to shape your opinions on these critical issues). $50,000 on television commercials promoting Christmas Trees at Christmastime (a novel concept)$150,000 on yoga classes for federal bureaucrats (can any of them touch their own toes?)$188,000 on a study attempting to figure out why Americans do not want to u...
The Core of Austrian Theory
Mises Insitute

The Core of Austrian Theory

by Llewellyn H. Rockwell Jr. [This essay is a selection from "Why Austrian Economics Matters."] The concepts of scarcity and choice lie at the heart of Austrian economics. Man is constantly faced with a wide array of choices. Every action implies forgone alternatives or costs. And every action, by definition, is designed to improve the actor's lot from his point of view. Moreover, every actor in the economy has a different set of values and preferences, different needs and desires, and different time schedules for the goals he intends to reach. The needs, tastes, desires, and time schedules of different people cannot be added to or subtracted from other people's. It is not possible to collapse tastes or time schedules onto one curve and call it consumer preference. Why? Because e...
Ron Paul Remains Unstoppable
Mises Insitute

Ron Paul Remains Unstoppable

by Jeff Deist When Dr. Ron Paul suffered a health scare during his live Liberty Report show last Friday, I was perhaps less worried than most of his friends, family, and fans. His remarkable vitality, vigor, and energy are well known to those around him, along with his penchant for exercise, clean living, and light eating. Having known him thirty years, I simply had no recollection of him ever being sick or out of commission. This is a man who had never missed a day of work or an event, at least in my memory. In my mind he was simply always there, a fixed feature of life. So my immediate reaction was to think he would be fine. As it turns out, he is fine. Even unstoppable. In Dr. Paul's congressional office during the early 2000s, his mostly Generati...
Dude, Where’s My Inflation?
Mises Insitute

Dude, Where’s My Inflation?

by Kristoffer Mousten Hansen From time to time, Austrian economists, goldbugs, and other economists on the saner end of the spectrum warn of the inflationary dangers of modern central bank policies. The most famous case of this was Bob Murphy’s bet with David Henderson that the Federal Reserve’s policies after the financial crisis of 2008 would result in high, i.e., double digit inflation. Unfortunately for Murphy, he lost this bet, and, more generally, the much-dreaded (or in the case of central banks, much-hoped-for) inflation has so far failed to materialize. This is true both when one looks at the official inflation measures and even when one consults alternatives such as shadowstats. What explains this apparent failure of Austrian commentators? The Basics In order to underst...
Milton Friedman and the New Attack on Freedom to Choose
The Future of Freedom Foundation

Milton Friedman and the New Attack on Freedom to Choose

by Richard M. Ebeling We are in the midst of an open counterrevolution against liberty and limited government in the United States. This may sound like strong language for dramatic affect. But it is really not an exaggeration in the current climate of political discord and antagonism, admittedly amplified by it being a presidential election year when political parties make hyperbole the norm. An example of this counterrevolution may be seen in a recent attack on the classical liberal, free market economist, the late Milton Friedman, in the pages of The New York Times. Through a good part of the post-World War II era, Milton Friedman (1912-2006) was a leading voice for personal freedom and economic liberty, as well as one of the most internationally prominent economic scholars of his...
Will the Planned Coronavirus Second Wave Take Root With the Election Chaos and Nationwide Riots as Distractions?
Gary D. Barnett

Will the Planned Coronavirus Second Wave Take Root With the Election Chaos and Nationwide Riots as Distractions?

by Gary D. Barnett “Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.” ~ C. S. Lewis, Article – “The Humanitarian Theory of Punishment”. (1949) What in the world lies ahead? We are in the midst of the most incredible attempt by the powerful to take over humanity that has ever happened on earth. These times will determine our fate, as the controllers and enforcers are on a mission to complete the task of total population contr...
What Is a “Libertarian-Conservative”? Part 3
The Future of Freedom Foundation

What Is a “Libertarian-Conservative”? Part 3

by Jacob G. Hornberger In Part 2 of this series, I pointed to an op-ed published by The Hill written by self-labeled “libertarian-conservative” Steven Calabresi. In the op-ed, which is entitled “Proposed Ryan-Bannon Import Tariff a Smart Tool to Lower Income Tax,” Calabresi wrote: If the federal government were to tax nothing but business, income, and savings, then we would discourage investment, work, and savings. The more sensible route is to have a diversified portfolio of the things we tax. This is how we can afford to increase military spending, build the wall on the Mexican border, and cut business and income taxes, which are all things that we desperately need to do — now! The article and the quote reflect the damage that conservatives have inflicted on...
Supreme Court and Rules of the Game
Tenth Amendment Center

Supreme Court and Rules of the Game

by Walter E. Williams The United States Constitution’s Article 2, Sec. 2, cl. 2, provides that the president of the United States “shall nominate, and by and with the Advice and Consent of the Senate, shall appoint Ambassadors, other public Ministers and Consuls, Judges of the Supreme Court, and all other Officers of the United States.” President Donald Trump has nominated Amy Coney Barrett as U.S. Supreme Court justice who will replace the late Ruth Bader Ginsberg. Barrett currently serves as United States Circuit judge of the 7th U.S. Circuit Court of Appeals. The 7th Circuit serves the Midwestern states of Illinois, Indiana and Wisconsin. It is now the Senate’s job to decide whether to confirm Barrett’s appointment as an associate justice on the Supreme Court. In thinking about t...
CDC Comes Clean: New Fatality Rate Is A Shocker!
Ron Paul Institute

CDC Comes Clean: New Fatality Rate Is A Shocker!

by Daniel McAdams The Centers for Disease Control have come out with a new estimate of the Covid infection fatality ratio and the numbers will shock you. No wonder the Florida governor has said "enough is enough" and decided to open his state up completely. We are told to trust the CDC, so why is the mainstream media ignoring this very important news? Is this still about a disease...or is it politics? Today on the Liberty Report: https://youtu.be/XxE2g8lby7o Posted with permission from the Ron Paul Institute.
Why “Taxing the Rich” Doesn’t Make Us Better Off
Mises Insitute

Why “Taxing the Rich” Doesn’t Make Us Better Off

by Ludwig von Mises The complete confiscation of all private property is tantamount to the introduction of socialism. Therefore we do not have to deal with it in an analysis of the problems of interventionism. We are concerned here only with the partial confiscation of property. Such confiscation is today attempted primarily by taxation. The ideological motivations of such action are immaterial. The only question of interest to us is merely: What is sought by these measures and what is actually accomplished? Let us first consider taxes which directly or indirectly affect incomes only. In all countries there is today a tendency to tax larger incomes at higher rates than smaller incomes. In the case of incomes which exceed a certain amount most countries tax away, even nominally, u...