Source: Libertarian Institute
by Angelo Monaco
“From a pure free-market, Austrian, and public choice perspective, the long-term demographic decline of the native-born population is not an accidental social phenomenon. It is the predictable consequence of government growth, fiscal dominance, and irresponsible monetary expansion. When state spending exceeds tax revenues, the resulting deficits, inflation, and market distortions create structural disincentives that make multi-decade capital commitments—such as having and raising children—increasingly irrational for economic actors. From a strict market perspective, the declining birth rate of the domestic population is an unintended structural feedback loop of state expansion.” (08/19/26)
https://libertarianinstitute.org/articles/inflation-is-the-states-contraceptive