Taxes and Spending

The way to become an expert is as follows: don’t challenge the prevailing orthodoxy of the institution; learn the history, underlying princip

As interviewed by Mac McDowell on the “Boiling Point” radio program, 92.5 FM in San Antonio, Texas. Recorded 21 May 2011.

If you are a wealthy person, beware. The estate tax will destroy what you have created through your hard work and diligence. Unless you have spent a small fortune on financial planners, accountants, and tax attorneys, the fruits of your labor may be enjoyed by the government.

All of the services now funded by taxation and provided by the government were at one point in the not-so-distant past funded and provided privately.

The balanced budget passed away definitely in 1911, not to return again until a revolution had swept from the people of Italy their freedom, writes

The balanced budget passed away definitely in 1911, not to return again until a  revolution had swept from the people of Italy their freedom.

Government is a large disequilibrating force on the market. It forcibly redistributes economic goods and distorts the continuous process of coordination.

When the Civil War closed, the revenue acts that had been hastily passed during its course constituted a chaotic mass, writes F.W. Taussig.

Taxpayers, struggling to make ends meet, would likely join the revolt, if taxes are raised just so 46 year-old ex-policemen and ex-firefighters can enjoy cushy retirements.

The Mises Circle in Naples, Florida. Recorded 26 February 2011.