If you thought federal deficits and spending would go back to normal after the covid panic, you were wrong. If anything, deficits are now on track to be bigger than the covid years.

Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL

The US went from tariffs being the major source of federal government revenue to what we have today under the income tax and payroll taxes. The time scope is from 1789 to the Great Depression. In 1790, 99.9% of federal government revenue is generated by tariffs—the first year we operate under the Constitution. In 1860, still 94% of total fed government revenue is generated by tariffs. Only the War Between the States changes this and we get our first federal income tax.

Presented as part of the Mises Institute’s Brown Bag Seminar series on May 19, 2005 in Auburn, Alabama.

Using the heavily marketed movie "Wicked" as his news hook, Bob explains that the beloved Wizard of Oz movie involved an allegory of the bimetallism debates of the late 1800s, including William Jennings Bryan's famous "Cross of Gold" speech. Bob fills in the details about the Wizard of Oz lore, and then explains the economics of bimetallism in the United States.

Bob's Book, Understanding Money Mechanics: https://Mises.org/HAP478a

The Wikipedia Article on the Political Interpretations of The Wonderful Wizard of Oz: https://Mises.org/HAP478b

The Wikipedia Article on the Wicked Novel: https://Mises.org/HAP478c

Mises Institute President Tom DiLorenzo joins Ryan McMaken to look at the many ways that the taxes, known as “tariffs,” destroy wealth and empower the state.

Donate $25 or more today and receive our December Bundle Special: https://Mises.org/RadioRothbard24

Register for Educating for Liberty: Mises Circle in Tampa, Florida, on February 22, 2025: https://mises.org/events/educating-liberty-mises-circle-tampa

Anatomy of the State by Murray Rothbard: https://mises.org/Anatomy

Get free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREE

Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard

Radio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug

PROMO CODE: RothPod for 20% off

Progressives are openly cheering the murder of the CEO of UnitedHealthcare. However, it was progressive legislation that created this healthcare crisis in the first place.

Read the article here: https://mises.org/mises-wire/progressivism-and-murder-health-insurance-ceo

Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

Not all news from the gold and monetary fronts is bad. In fact, gold made a number of advancements in seven states, including exemptions from taxes and attempts by states to restrict Federal Reserve behavior. Gold is alive and well.

Narrated by Millian Quinteros.

Employing the Labor Theory of Value, Marx claimed that entrepreneurial profits arise from exploitation of workers. In reality, entrepreneurs earn profits when they correctly gauge markets. Exploitation has nothing to do with it.

Narrated by Millian Quinteros.

Progressives blame the free market for insulin prices and want to impose price controls. But, government regulation is to blame.

Narrated by Millian Quinteros.

The watchword among progressives this election season is: “Nothing less than our democracy is at stake.” In truth, democracy itself is not in danger, but one can accurately say that “democracy,” as practiced in the US, endangers our lives.

Narrated by Millian Quinteros.

Birkin bags are pricey and the producer restricts its potential buyers. Unfortunately, disgruntled customers who don’t want to follow the company’s rules are now appealing to US antitrust law.

Narrated by Millian Quinteros.