The V-Shaped Recovery Never Happened
In a display of unconvincing enthusiasm, NBC reported today that payroll employment “surged” in February. Specifically, total nonfarm payrolls (seasonally adjusted) grew 379,000, month-over-month which was above the expected increase of 210,000. That might sound great to some, but a closer
Rothbard’s Underappreciated Contributions to Public Goods Analysis
The assertion that “tax-financed public goods can make us all better off” is just that: an assertion. As Rothbard showed, there is no reason to just assume consumers would pay for these amenities were they not forced to through taxation. Original
The True Cost of Taxation Is Much Higher Than Your Tax Bill
If we look beyond the mere tax revenue totals, we begin to understand that the cost of taxation to society is far higher than the tax revenue raised and that the costs to society of taxation grow faster than the
To Stop the Left, America Needs a Rothbardian Right
The official slogan of this year’s Conservative Political Action Conference (CPAC) was “America UnCancelled,” and the conference featured a slate of topics confined to such controversial viewpoints as “Why the Left Hates the Bill of Rights … and We Love It” and
Aggregated Data Hides the Damage Done by Minimum Wage Hikes
Democrats are again pushing to increase the federal minimum wage, this time roughly doubling it to $15 per hour. And as with every such push, that has involved invoking “rosy scenario” sales pitches about how low-wage workers will be big
Benedict XVI: A Life
Benedict XVI: A LifeBy Peter SeewaldVolume 1: Youth in Nazi Germany to the Second Vatican Council 1927–19651Published in English by Bloomsbury Continuum, London, 2020Translated by Dinah Livingstone Peter Seewald has recently published an extensive biography of Pope Emeritus Benedict XVI, and
Rothbard Explains How to Recover from an Economic Crisis
Confronted with a severely weakened economy as the consequence of the policy-ordered lockdowns, governments now get ready to apply another severe blow to the economy. The favorite means is more deficit spending. In the United States, President Biden announced a
The Straussian Labyrinth
Leo Strauss is one of the most influential political philosophers of the twentieth century, and like him or not, we need to understand his ideas. Murray Rothbard, by the way, had a mixed verdict on Strauss. He says, for example, [H]is
Daniel Lacalle on Freedom or Equality
Our great friend Daniel Lacalle joins the show from Madrid to discuss the post-Covid economy from the framework of his newest book, Freedom or Equality. Real human cooperation happens via markets and property, not government or central bank edicts. Socially
Why the Capitol Riot Terrified the Elite
The media-government alliance has clamped down against the populist right harder than ever before. Yet, one can sense a hint of panic within establishment ranks that the threads of their dominance may finally be unraveling. Original Article: "Why the Capitol Riot