Mises Daily
Author:
Murray N. Rothbard
Online Publish Date:
Editor’s Note: Although negotiations concerning the “fiscal cliff” seem to be at an impasse, the one thing both Democrats and Republicans agree on is their desire to close tax loopholes. That is bad news for the economy, because as Ludwig von Mises said, “Capitalism breathes through those loopholes.” Closing loopholes to “broaden the tax base” has