As an international private currency, Libra will be in competition with publicly issued currencies. It could have large and fruitful repercussions on the global monetary policy, especially with reference to those countries where central banks are still heavily subject to political influence and tend to pursue inflationary monetary policies.

The introduction of the Libra project to the public has generated a lot of fuss over the consequences this cryptocurrency may have for the stability of the global financial system.

Zhang Weiying is a Chinese Professor of Economics who “came across” the Austrian School of Economics. In an article published in Economic Observer on September 4, 2017, he made these points:

· The Austrian School of Economics is the best market theory.

• It studies the actual market.
• It gives entrepreneurship central status.
• It understands economic growth as a continuous process of innovation.

In contrast, neoclassical economics is not a good market theory.

Chairman Powell’s testimony last week was closely scrutinized not just for its economic implications but also for its political overtones. Powell cited “trade tensions” as cause for concern about the strength of the global economy. He clearly seemed to be blaming President Trump’s tariffs.

One contention in the world of politics and academia alike is that money can have a big affect on what people say and do. Specifically, the idea is that money buys votes, money buys influence, and that research grants similarly buy ideological bias in the academic community. 

The conservative intellectual movement is having an existential crisis, of sorts. It’s one that has long been simmering but only recently thrust into the light after First Things published New York Post opinion editor Sohrab Ahmari’s attack on the failings of what he termed “French-ism.” According to Ahmari, French-ism means defending a pluralistic liberal society in which we treat our political foes with dignity and respect, despite disagreement.

Sunday is Bastille Day, and that means another round of ruminations on the French Revolution in the conservative media.

In 1969 the hottest new libertarian publication was The Libertarian Forum, edited by Murray Rothbard in New York and Karl Hess in Washington. Hess, famously as associate of Barry Goldwater before becoming a deeply disillusioned anarchist, was a man of many talents—welding, motorcycle racing, and no-holds-barred philosophy among them.

Alexandria Ocasio-Cortez has suggested eliminating the Department of Homeland Security.

Her motivation seems to be reducing federal immigration enforcement powers, although it doesn’t necessarily follow that abolishing the DHS would actually accomplish this.

Even for those of us who don’t watch soccer — either men’s or women’s — it’s impossible to avoid the media frenzy over the fact that the women’s US Soccer team’s World Cup victory.

This amazing performance from the women’s team — we are told — highlights how absurd it is that the players on the women’s team are not paid as much as the players on the men’s team. Some fans and players even chanted “equal pay” in the wake of the World Cup victory.