Politics

While state power has smothered French society for more than four centuries, the problem is becoming worse, as the government deliberately undercuts the market economy to “fight climate change.” The French will have neither cooler temperatures nor prosperity.

President Trump is levying high tariffs without consent of Congress, despite the fact that the US Constitution gives only Congress the power to set tax rates. It is time for Congress to stop redelegating its lawfully-delegated powers.

Before leaving office, President Joe Biden posthumously pardoned black nationalist Marcus Garvey, who was convicted of mail fraud in 1923. Like other dissenters that came afterward, Garvey was hounded by the FBI. He remains a complex character even in death.

Marx failed to grasp that there are laws of human action that apply universally. His understanding of economics was far inferior to that of Nassau Senior, whom he derided as the quintessential “bourgeois” economist.

Dr. Fegley is a Fellow of the Mises Institute and chair of business and economics at Montreat College. In 2023, he joined the Mises University faculty, teaching on bureaucracy in the deep state, political economy of policing, and could AI and big data solve the socialist calculation problem.

How can we determine if a private company is a true partner of the state—truly benefiting from state power—or if the private company is really a victim of the state?

Through the creation of a dizzying array of regulatory agencies and appointments of favorable personnel, big business successfully established a network of government-mandated cartels and monopolies that protected its interests.

The success of the American Revolution struck a heavy blow against the mercantilist system. But unfortunately, the wound was not mortal.

We are aware how the Federal Reserve’s actions help to finance the reckless profligacy of the US Government. However, most people don‘t know that the Fed itself, through its own reckless spending policies, is running deficits.

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