Richard Ebeling

American policy makers have learned nothing from twenty years of failure in Afghanistan, and have traded individual liberty for false promises of security.

Government intervention decreases individual liberty and economic freedom.

When the Fed chairman cautiously suggests that the American central bankers are not sure what they are going to do, it is because they cannot do what they say they want to do.

Welcome to the world of government subsidies, tax breaks and other such incentives, for politicians to “nudge” you in the directions they want you to go.

Government budget deficits continue on America’s fiscal horizon as far as the eye can see, but they are merely symptoms of a deeper deficit that is lacking in clear thinking on the underlying increases in the size and scope of government.

Politicians love to spend other people’s money, especially when it enables them to use it to get campaign contributions and election-day votes from those who can keep them in office.

The U.S. government will, again, face an official debt limit starting on August 1, 2021, unless Congress once more raises the limit on what Uncle Sam can borrow.

Another example of arbitrary presidential power has been seen in Joe Biden’s recently issued Executive Order on expanded authority to government bureaucracies to regulate, restrict, and redesign the shape of companies, industries and markets.

Over the last year, unmarked graves of hundreds of children of indigenous tribes have been uncovered in various locations in Canada.

It is competitive free enterprise that has enabled and fostered the incentives for work, saving, and investment – the “lower” time preferences of individuals planning and acting for the future – that has made the world a far better place.

Free men in free markets would then be at liberty to improve their conditions without the disrupting and distorting hand of political power and special interest.

The recent fighting between Israel and Hamas in Gaza has renewed discussion and debate about finding some solution to the Israeli-Palestinian conflict.

Joe Biden’s proposed $6 trillion budget for fiscal year 2022, will include a budget deficit of $1.6 trillion, or almost one-third of planned government spending.