President Barack Obama delivered his final State of the Union address on January 12, 2016, and devoted most of the time to defending his “legacy” of bigger and more intrusive government, with an emphasis on the other aspects of personal and social life he wished could come under the blanket of more political paternalism, if only there was enough time before he leaves office on January 20, 2017.
Tagged: free markets
Many forms of personal liberty are under attack today, from economic regulations that hinder people from their peaceful pursuits of earning a living and improving the material conditions of life to an increasingly intrusive surveillance state that is seems to follow every step we make and every breath we take.
The European Central Bank has announced its intention to create out of thin air over one trillion new Euros from March 2015 to September 2016. The rationale, the monetary central planners say, is to prevent price deflation and “stimulate” the European economy into prosperity.
The only problem with their plan is that their concern about “deflation” is a misguided fear, and printing money can never serve as a long-term solution to bring about sustainable economic growth and prosperity
As a new year begins, it is easy to consider that the prospects for freedom in America and in many other parts of the world to seem dim. After all, government continues to grow bigger and more intrusive, along with tax burdens that siphon off vast amounts of private wealth.
Eighty years ago, in the autumn of 1934, there appeared in English one of the most important books on money and inflation penned in the twentieth century, The Theory of Money and Creditby the Austrian economist, Ludwig von Mises. Even eight decades later, it still offers the clearest analysis and understanding of booms and busts, inflations and depressions.
In 1919 the eighteenth Amendment to the Constitution prohibited the manufacture, sale or transportation of “intoxicating liquors” in the United States and by 1933 the era of prohibition was over when the twenty-first Amendment rescinded it. Alcohol consumption was and is a social problem, but sometimes the government is not the right vehicle for dealing with them.
The Heartland Institute’s Joy Pullmann brought the free-market truth about the student loan debt crisis in a clear and aggressive way that seemed to catch the HuffPost Live host and panelists off guard.
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