Politics

Britain‘s new Labour Government is doing what leftist governments always do: raising taxes on everyone, but pretending that only the wealthiest citizens will pay more. Middle-class British farmers are quickly finding out that the taxman is coming for them too.

No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing, praxeologically speaking. Instead, it clouds our understanding of how money fits into our economy.

Like Santa, who gives free gifts to our children, people think of the state as providing services “for free.” However, the state cannot provide anything without first confiscating wealth from others—like the Grinch, who first stole all the presents in Whoville.

President-Elect Trump has been threatening tariffs against BRICS countries unless they abandon their plans to abandon the US dollar. While Trump may come off as being “tough” in his negotiations, he cannot bluster his way to a stronger dollar, thanks to reckless monetary policies.

Gen. William T. Sherman‘s infamous “March to the Sea” is covered almost antiseptically in American history texts. Yet, Sherman‘s actions would have been judged as war crimes had he not been on the winning side.

Gen. William T. Sherman‘s infamous “March to the Sea” is covered almost antiseptically in American history texts. Yet, Sherman‘s actions would have been judged as war crimes had he not been on the winning side.

Beef prices are rising again because of government intervention in the monetary system and in regulation of the beef industry. As American beef consumption falls, the entire industry is in trouble.

Even if this administration’s heart is in the right place, do we really want another multi-billion-to-trillion-dollar fund to handle people’s savings?

Mainstream economists and the media “warn” us about the dangers of “income inequality.” But is income inequality really an economic and social problem, or is this yet one more false crisis ginned up by intellectual and governing elites?

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