Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes. A substantial part of the confiscation is effected by taxation. But the welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money, by issuing government bonds, to finance welfare expenditures on a large scale.
January 21, 2021 Woe to the Libertarian Non-Unifiers
The mainstream press is aglow with expressions of hope and optimism that newly inaugurated President Joe Biden will lead America out of the deep morass in which the nation finds itself. If only Donald Trump had not been elected, the argument goes, Hillary Clinton and the Democrats would have led America to the promised land by now. But now that Joe Biden, ...
Should We?
by Laurence M. Vance
Every president since George Washington has delivered an inaugural address. Beginning with William McKinley, the address has taken place after the ...
Principles and Aims During Circus Time
by Jacob G. Hornberger and Richard M. Ebeling
How important are libertarian principles when the circus comes to our nation's capital? Join FFF president Jacob ...
Conservative Principles
by Laurence M. Vance
Back at the beginning of the coronavirus crisis in the United States in March of this year, two Democratic representatives (Tim Ryan of Ohio ...
