There is no such thing as good monetary policy. There is no such thing as effective monetary policy, or monetary policy that does no harm. There are only the times when most people see no overt symptoms, when they don’t realize the damage being done.
The future of liberty is decentralized, and will be led by smaller breakaway nations and regions where real self-determination and real consensus is not an illusion. Jefferson and Hoppe were right about democracy, but it took Trump and Brexit to show the world how quickly elites abandon it when they don’t prevail.
Mr. Trump doesn’t seem to be an “internationalist,” seeking to build a new world order by political and military means. If that is so, he will sooner or later have to come to grips with the Fed’s policies - most notably with its liquidity swap agreements.
Many Americans who have wrestled with a 1040 form, or who have paid someone to prepare their taxes, no doubt cheered the news that Congress will soon resume working on tax reform. However taxpayers should temper their enthusiasm because, even in the unlikely event tax collection is simplified, tax reform will not reduce the American people’s tax burden.
All it takes a slick ad campaign, we are told, and people will believe whatever you tell them to believe. The problem is that this has never been shown to be true. Maybe Göring 's tactics do work on an impoverished population ravaged by the Great War and hyper inflation, and poisoned with generations of Prussian militaristic ideology. But clearly, Göring's methods to not work "the same way in every country" nor do they likely work even in the same country during different time periods.
Oxfam, the leftwing NGO devoted to poverty relief has released a new report blaming poverty in wealth inequality. The "solution" to the alleged problem, which should surprise no one, is a so-called "anonymous wealth tax." These taxes, we are told, will put an end to the poverty-causing inequality that now is a global crisis. But there's a problem for Oxfam in this data.
The jealousy of the common man looks upon the profits of the entrepreneurs as if they were totally used for consumption. A part of them is, of course, consumed; but what makes small business develop into big business is not spending, but saving and capital accumulation.
Even for those who want states to provide certain amenities, many modern states are far, far greater in size and scope that what is even necessary to provide those amenities in the first place. Unfortunately, the primary effect of bigness in these states is to enhance the power of the state and limit the ability of citizens to escape the state's taxes and impoverishing regulations.
While it is rarely stated explicitly, the legitimacy of the modern American electoral system is founded on the idea of majority rule. Because of this, at the conclusion of each election, the victors claim the election reflected "the will of the people" and, in many cases, also claim a "mandate" to implement the victor's policy agenda. This has always been a tenuous claim in every way...