Taxes and Spending

There is no general social benefit from government spending regardless of how it is financed.

Continued bailouts undermine the entire economy by rewarding financial failure and discouraging productive economic activity.

Prompted by a listener request, Bob gives the standard economic analysis of tariffs and other types of taxes.

For all of the claims that governments “create jobs,” in reality, government jobs come at a greater cost than any value those jobs may create. Government jobs are a burden to the economy.

Continued bailouts undermine the entire economy by rewarding financial failure and discouraging productive economic activity.

The American people have the great pleasure of electing either Joe Biden or Donald Trump as president this year.

For all of the claims that governments “create jobs,” in reality, government jobs come at a greater cost than any value those jobs may create. Government jobs are a burden to the economy.

Donald Trump recently addressed top CEOs with a proposal that he sells as helping to reduce income taxes.

In discussions of politics, it is common to see politicians praised for policies and programs that expand the welfare state.

Alabama Governor Kay Ivey signed a bill on May 17 that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in reinforcing sound money principles.