Donald Trump is the latest version of Herbert Hoover. Trump is intervening in the economy on a massive scale just as Hoover did to deal with the economic downturn that became the Great Depression.

There is no sugarcoating Trump's tariffs. They are anti-consumer and anti-liberty.

Trump is intervening in the US economy on a scale not seen since the big government Republican Herbert Hoover administration. Trump’s recent threat to US auto companies is reminiscent of Hoover’s threats during the economic downturn that began under his watch in 1929. In short, Trump has embraced big government Republicanism.

Yes, ridding the federal government of “fraud, waste, and abuse” is a good first step. However, using the federal government to shape the $28 trillion US economy is no different than Bernie Sanders vision for the country. More government intervention in the economy is statism.

Mandates, tariffs, money printing, income taxes, and unconstitutional spending, must be abolished. America is strong because of free markets not federal government spending, money printing, and regulations.

In other words, a free market economy is the best means to achieve prosperity and peaceful relations with other countries. Thomas Jefferson asserted: “Peace, commerce and honest friendship with all nations; entangling alliances with none.”

Democratic and Republican presidents have turned their backs on Jefferson’s wise vision for the American people. Statism —whether imposed by Democrats or Republicans—must be deep-sixed.

The solution: MAKE AMERICANS FINANCIALLY INDEPENDENT.

The insufferable Jim Cramer reveals his economic ignorance in a recent CNBC rant.

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Joseph Cotto and I discuss the economy on his podcast.

Tom DiLorenzo’z pamphlet, Axis of Evil, is now available at the Mises Institute.

Order a free copy of Rothbard’s money and banking classic monograph. Or, you can read it online here.

My December 10 talk on medical care.

America’s debt bomb.

Bob Murphy interviews Dr. Keith Smith of the Surgery Center of OK.

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Murray Sabrin, PhD, is emeritus professor of finance, Ramapo College of New Jersey. Dr. Sabrin is considered a “public intellectual” for writing about the economy in scholarly and popular publications. His book, The Finance of Health Care: Wellness and Innovative Approaches to Employee Medical Insurance (Business Expert Press, Oct. 24, 2022), and his other BEP publication, Navigating the Boom/Bust Cycle: An Entrepreneur’s Survival Guide (October 2021), provides decision makers with tools needed to help manage their businesses during the business cycle. Sabrin's autobiography, From Immigrant to Public Intellectual: An American Story, was published in November, 2022.