When inflation hits, we see higher overall prices for everyone. But inflation hits lower-income people the hardest, and they bear the brunt of this tax.
The New York Times recently interviewed economist Herman Daly, who insists that economic growth is economically destructive. There is much more to the story.
Economists and political scientists, from Mises to Robert Higgs to James Burnham to public choice scholars, explain why mission creep and abuse by state agencies is the rule rather than the exception.
