As a libertarian, I obviously oppose expensive government programs and meddling in the economy in favor of free markets. Social Security is one of those systems heavily praised by both the left and the right as a system that tremendously helps the elderly and the needy. It was created by FDR, a god amongst modern … Continue reading The Flaws of the US Social Security System and Possible Alternatives
Following Hurricane Harvey and hearing about the shutdown of Port Arthur oil refinery and Exxon Mobil closing its Beaumont refinery, I began to hear stories of long lines to get gas, prices rising, and gas stations running low on gas. I even went to the nearest gas station a few days ago and found a … Continue reading The Gas Shortage is Fake, and Panic Makes It Worse
Today is Labor Day, so I thought I would give my thoughts on the labor movement in the United States from the libertarian point of view.
Signed into law by Woodrow Wilson on December 23, 1913, the Federal Reserve is the central bank of the United States. After the Panic of 1907, which led to a bank run, bankers such as JP Morgan lobbied for the government to establish a central bank to try to stabilize the money supply of the … Continue reading A Case for Abolishing the Federal Reserve
Under our current banking system, it is possible to create money out of thin air. Fractional reserve banking is a system in which only a small amount of the money circulating in the economy are backed up by actual cash. The rest of this money, while still counted in individual bank accounts, is free to … Continue reading Fractional Reserve Banking
In February of 1913, the 16th Amendment to the US Constitution was passed, giving Congress the power to levy an income tax. Since then, Americans have been paying money, taken from their hard earned income, to the IRS to fund government functions. Is it a good thing, though? Should the income tax exist? I intend … Continue reading A Case for Eliminating the Income Tax
I hear about free college a lot in current political discourse. The price of a college degree is rising higher and higher every year, while wages are remaining more or less stagnant. Many offer a solution to this in the form of guaranteed free college. Under their ideal system, the government would offer payment of … Continue reading Why The United States Should Not Have Tuition-Free College
Government intervention has ultimately created a cronyism and banking socialist system that damages the economy is keeping the class warfare Marx spoke of alive.
Imagine going to the doctor and not paying a cent. This is an idea becoming more and more popular. Single payer healthcare is an extremely favorable idea on the political stage today. Many politicians advocate for it. Bernie Sanders almost won on ideas like it. Let us look at some examples of the single payer … Continue reading Why The United States Should Not Have Single Payer Healthcare
A heavily debated topic in current economic discourse is over a government-imposed wage floor. Is minimum wage good for the economy, or does it do harm? Many economists will agree that is in fact does harm the economy, but there are a few who would advocate for it. I intend to prove that the minimum … Continue reading My Take on the Minimum Wage