Category: Detailed Works

Minimum wage laws are the most anti-employment legislation a government can create. The labour market, supply of and demand for labour, will determine the proper wage for entry level employment. But that is never...

The Real Problem is not a $400 Million Deficit It is imagined that the deficit of the Manitoba Government is presently a small portion of its total expenditures of $13 billion – that is...

Money can never be tied to any concrete substance. It is an imaginary object that must rise or fall in quantity with the strokes of a lender’s pen. Binding it to a tangible object only perplexes the fiction. Severing the link reveals its intangible truth and nature.

There are a number of misconceptions regarding Inflation or its lesser known counterpart, Deflation, that have been in existence for centuries. These blunders arise from critical misunderstandings of what money is and how it operates. Inflation simply arises through the creation of money without purpose, by additions to the stock of money without proportioned additions to the stock of goods.

Many have repeatedly asked how the Government shall repay resident lenders their loaned funds when it apparently has not the means of doing so, when it no longer can arbitrarily turn to the community and confiscate the needed money.

The theory unambiguously crystallizes in one plain example. This depiction clarifies and confirms the premises, argument, and conclusion hitherto set forth. I concentrate here upon the immediate and estimable benefits of terminating Taxation, upon...

On Sat, Feb 7, 2015 at 4:33 PM, Dear Economart, Thank you for your fascinating email. I am currently a graduate student of economics. As a libertarian I am very sympathetic to your quest...

The answer is quite simple, but the idea appears to lie beyond the bounds of rationality for a great many persons. The community would have the government borrow the whole of its required funds, discarding all Taxation or seizures of property forever.

It is commonly thought that Government funds government; That Government furnishes the funds with which it pays its bills or settles it debts. This errant reasoning has marred the theories and practices of public...

Since the revenues of Taxation issue from previous public expenditures, present revenues indicate the success of previous outlays of capital. Thus, one errs in estimating present or future expenditures constrained by the returns garnered from the past.