Uploaded June 2026 | Updated September 2026, 2 weeks ago
Mark Thornton replays his Rothbard University lecture on government spending and taxation, using Rothbard’s framework of binary intervention to overturn the standard civics-story that taxes are “the cost” of government and spending is “the benefit.” Mark argues both are economically destructive and distortionary, and that treating them as neutral is a category mistake. Drawing on John C. Calhoun’s class analysis, he distinguishes net taxpayers from net tax-consumers, explaining how political finance systematically transfers wealth, reshapes production, and undermines saving, family formation, and long-run growth. The lecture closes with a vivid “wagon” analogy: as more people move from pulling to riding, the whole economy slows and eventually stalls.
2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of Keynes the Man through June 30. Grab yours today at mises.org/issuesfree
Register for our upcoming Mises Circle, Why Is the Healthcare System Broken?, June 27 in Windham, New Hampshire: mises.org/events/why-healthcare-system-broken-mises-circle-new-hampshire
20% off listener offer on the insulated Minor Issues tumbler and three of Mark’s books: mises.org/MinorIssuesTumbler. Use coupon code Thornton.
Be sure to follow Minor Issues at Mises.org/MinorIssues
Mark Thornton replays his Rothbard University lecture on government spending and taxation, using Rothbard’s framework of binary intervention to overturn the standard civics-story that taxes are “the cost” of government and spending is “the benefit.” Mark argues both are economically destructive and distortionary, and that treating them as neutral is a category mistake. Drawing on John C. Calhoun’s class analysis, he distinguishes net taxpayers from net tax-consumers, explaining how political finance systematically transfers wealth, reshapes production, and undermines saving, family formation, and long-run growth. The lecture closes with a vivid “wagon” analogy: as more people move from pulling to riding, the whole economy slows and eventually stalls.
2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of Keynes the Man through June 30. Grab yours today at mises.org/issuesfree
Register for our upcoming Mises Circle, Why Is the Healthcare System Broken?, June 27 in Windham, New Hampshire: mises.org/events/why-healthcare-system-broken-mises-circle-new-hampshire
20% off listener offer on the insulated Minor Issues tumbler and three of Mark’s books: mises.org/MinorIssuesTumbler. Use coupon code Thornton.
Be sure to follow Minor Issues at Mises.org/MinorIssues
