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Left wing multimillionaires and billionaires for Biden

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Note:  If you become an annual paid subscriber, you will receive an autographed copy of my memoir.

Today’s column will be brief because I am traveling to Austin this afternoon.  On Saturday I will discuss the state of the economy for Mises Caucus of the Libertarian Party.  See below for details of the national Human Action tour of the Caucus.

Murray’s Newsletter is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

After Joe Biden announced his reelection bid the other day, several of America’s wealthy individuals expressed their support. Biden’s 2024 budget includes massive tax increases on the very people who have declared Joe is their guy.  What gives?

This is another example of people not voting their pocketbook but who have embraced the welfare-warfare state ideology of entitlements, endless wars, money printing, and unconditional support for the military-industrial complex. 

Our country has been transformed from a generally limited government society to a statist one for the past 100 years.  Since 1960 I have witnessed this when I became “politically aware” during the 1960 Kennedy-Nixon presidential race. 

Our country is a few executive orders and/or laws from being a full-blown fascist society.  For a historical perspective on this, see John Flynn’s 1944 book, As We Go Marching: A biting indictment of the coming of domestic fascism in America.  This is a must read.  I read Flynn’s masterpiece nearly 50 years ago which solidified my opposition to the welfare-warfare state. 

There are scores of books and articles about the transformation of America and In June I will make a presentation in Naples about why America is not the America of the Founders.

Have a restful weekend.

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On April 29th I will be speaking at the Libertarian Party Mises Caucus in Austin, TX, one stop in the Human Action Tour.  See if there is an upcoming one in your area, https://lpmisescaucus.com/take-human-action-tour/

My latest piece on the economy was published in Fortune, https://fortune.com/2023/03/27/recession-2023-layoffs-tech-finance-unemployment-outlook-fed-rates-murray-sabrin/  This is an update of my 2021 forecast, https://fortune.com/2021/12/09/next-recession-heres-everything-bubble-markets-2021-2022-covid-murray-sabrin/ 

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 new 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.

Murray’s Newsletter is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

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