The Trump administration released its 2018 budget this week. Once again we saw the media try to play up decreases in proposed spending as a form of draconian cuts, ignoring the fact that Trump's plan still reflects a significant increase in federal programs. Rather than trying to decentralize America's bloated welfare state, the Trump budget would continue to pile up debt and the ever growing problem of unfunded liabilities.
While Washington will eventually have to face the consequences of ignoring the laws of economics, there is still reason for optimism. While there may not be political solutions to the problems facing the world, they can still be found in the market.
On Mises Weekends, Jeff is joined by Patrick Newman, a Mises Institute scholar, professor at Florida Gulf Coast University, and the editor of a Rothbard manuscript dating to the 1970s entitled Roots of the Modern State, which we will release as a book later this year. Jeff and Patrick discuss Rotbhard's views on the progressive era and how it shaped America, including the puritanical impulses of leaders such as Wilson, Taft, and the Roosevelts, as well as the self-interested motivations behind the then-burgeoning intellectual-business partnership. Tune in for a great conversation about Rothbard's unique analysis of this critical time in US history.
Dr. Newman will be speaking about the new Rothbard book at our 35th Anniversary Celebration! Other speakers include Judge Andrew P. Napolitano, Hans-Hermann Hoppe, David Stockman, Guido Hülsmann, Tom Woods, and many others.
And in case you missed them, here are this weeks Mises Wire articles, covering a wide array of topics including libertarianism, the cult of collectivism, what is the source of real wealth, the eye-care industry wants a monopoly, bitcoin, and the Trump budget.
The Mises Institute works to advance the Austrian School of economics and the Misesian tradition, and defends the market economy, private property, sound money, and peaceful international relations, while opposing state intervention.
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