The idea of constitutionalism is that of limited government under the rule of law. The whole point of agreeing on the basic rules by which the country is to be governed is to constrain the tendency of bureaucrats, and all those vested with executive power, to become despots and turn on their own citizens. In theory, the Constitution should safeguard individual liberty by giving citizens a bulwark against state tyranny.
On Tuesday, President Trump denounced the New York Times in a Truth Social post as a “serious threat to the National Security of our Nation” and a “TRUE ENEMY OF THE PEOPLE” for publishing an article detailing Trump’s close personal relationship with Jeffrey Epstein. “Chasing women was a game of ego and dominance. Female bodies were currency,” the Times reported.
In mainstream economics, utility is often regarded as a feeling of satisfaction or enjoyment derived from buying or using goods. By popular thinking, an individual’s utility scale, or the preference scale, which is internal, determines his choices. The decision to buy or not to buy a particular good is considered subjective valuation. According to some mainstream thinking, since the buying of goods is not linked to any particular goal, this buying is of a random nature. Thus, an individual purchases goods because the preference scale decided for him to do so.
Jim Beam has been making whiskey for a long time, through thick and thin. But the Trump tariffs have shut down the venerable distillery. Bourbon Whiskey is a high-order (as Austrian economists would say) beverage due to the aging process required. Jim Beam is aged for four years in new charred oak barrels. Jim Beam Black is aged 7 years.
The friction or antagonism between the private and the public sphere was intensified from the first by the fact that. . .the state has been living on a revenue which was being produced in the private sphere for private purposes and had to be deflected from these purposes by political force. — Joseph A.
