The American state has relied on the tools of monetary and fiscal stimulus to inflate its way out of every new economic crisis. The core of our out-of-control interventionist economy will not be touched by the election of either Harris or Trump.
With the US government engaged in out-of-control spending, we are looking at tax increases in the coming years. And even if Congress does not pass official tax hikes, we will see the government seizing wealth via inflation.
Taxing "the rich" won't make life more affordable for ordinary people. The true cause of the affordability crisis is inflation caused by central banks.
While Donald Trump is trying to appeal to homeschooling families with his Agenda 47 plan, the reality is that by offering tax breaks and subsidies, the federal government ultimately will be able to regulate homeschooling, and federal control will ruin homeschooling as we know it.
A recurring myth among progressives is that the state can enforce "fairness." However, given that government cannot even effectively define fairness, one doubts that the state can "enforce" what it doesn't know.
The Nigerian government has passed a new minimum wage law, and the usual suspects are happy because the country "is getting a raise." Economic reality, however, will set in soon enough as people find that government edicts do not create wealth.
The flurry of post-Watergate “reforms” supposedly were passed to counteract government abuse of citizens. Not surprisingly, the FISA program, which was aimed at reducing internal government spying became the means of massive growth of the surveillance state.
Even though homeschooling is growing in this country and the educational results are overwhelmingly positive, US progressive journalists naturally believe homeschooling is dangerous and in need of “oversight.”
It has been nearly 80 years since US aircraft dropped two atomic bombs on Japanese cities, but today, nations stockpiled with nuclear weapons engage in reckless foreign policies. It is time to recognize the danger irresponsible western governments pose to everyone else.
While we experience the predictable economic consequences of bad economic policies, the two main presidential candidates seem to be competing in an unspoken contest to demonstrate profound economic illiteracy. Unfortunately, whoever wins in this contest, we lose.
