1. Be a central government
2. Complain of volatility/risk in cryptocurrencies
3. Talk about banning cryptocurrencies
4. Cause panic and market fear/uncertainty
5. Complain of volatility/risk in cryptocurrencies

Why Liberalism Failed. By Patrick J. Deneen. Yale University Press, 2018. Xix + 225 pages.

In November 2017, the personal saving rate in the United States fell to a ten-year low, dropping to 2.9 percent. The last time the saving rate was lower than 2.9 percent was during November of 2007. 

Writing for the Wall Street Journal in 2005, federal judge and former U.S. deputy attorney general Laurence Silberman recalled how he was “shocked” to discover the extent the FBI abused its power to spy on Americans. 

The history of liberty and prosperity is inseparable from the practice of free enterprise and respect for the rule of law. Both are products of the spirit of classical liberalism. But a correct understanding of free enterprise, the rule of law, and liberalism (rightly understood) is greatly lacking in the world today.

[A selection from One Is a Crowd by Frank Chodorov]:

What is interventionism?

Interventionism means that the government does not restrict its activity to the preservation of order, or—as people used to say a hundred years ago—to “the production of security.” Interventionism means that the government wants to do more. It wants to interfere with market phenomena.

Freedom fighters around the globe are aware of the rise of new and serious attacks against free trade. There are bilateral agreements that “harmonize” regulations and may favor crony capitalism, European agrarian policy tariffs that protect farmers, alt-right and populist nationalists claims against delocalization of companies, and so on.

Earlier this week, President Trump allegedly disparaged Haiti, describing it as “sh*thole.” The response has been what you might expect. It’s been a torrent of demands for apologies from the Trump administration and commentary on how “troubling” Donald Trump’s views are.