Well, duh! As we libertarians have been pointing out for decades, there isn't any difference between Democrats and Republicans, at least not in principle.

Oh sure, we all know that there are two major political parties. But that's just the appearance of things. Actually, it's one big monopolistic political party — we can call it the Welfare-Warfare Party — that is divided into two wings — Republicans and Democrats.

Think of the NFL. It's one league that is divided into two conferences. That's the way the Welfare-Warfare Party is set up. The two wings of the party compete against each other for who gets to receive the benefits that come with being in charge of the trillions of dollars of tax-funded welfare-warfare largess. Sometimes the Republicans win. Sometimes the Democrats win. It's nothing more than a process of political musical chairs.

he losers in this sordid game are, of course, the American people. They are the ones who are getting fleeced by the welfare-warfare racket, either directly through income taxation or indirectly through monetary debasement in the form of inflation. The problem, of course, is that all too many Americans love the racket and love getting fleeced.