In the serenity that privacy affords, we choose the facets of our lives that we wish to leave untouched by the world. Supreme Court Justice Louis Brandeis, in his Olmstead v. United States dissenting opinion, famously described privacy as “the right to be let alone.” But at a deeper level, privacy is a safeguard for liberty. It’s a pillar of decentralized institutions and a foundation of free societies.
Mr. Milei fancies himself to be a great monetary theorist in the Austrian tradition. To illustrate his unrivalled brilliance here are two revealing exhibits.
In an earlier column, I wrote about the greatness of Man, Economy, and State. I’d like to continue with a discussion of another great book of his, Power and Market. Actually, that book was intended to be part of MES, but owing to the insistence of one of the readers for the Volker Fund, which funded the publication of MES with Van Nostrand, it had to be removed from the book.
The entire narrative of “de-dollarization” is not merely economically flawed—it is, at its core, a collectivist delusion.
Bernie Sanders and Alexandra Ocasio-Cortez have been making headlines on their “Fight Oligarchy” tours throughout the country, drawing large, enthusiastic crowds wherever they have gone.
President Donald Trump this morning reiterated that he thinks US monetary policy should be more like that of the European Central Bank. Trump also complained that Fed Chairman Jerome Powell and the Fed’s Federal Open Market Committee (FOMC) was unlikely to cut the target federal funds rate even though Trump believes the target should be lowered. According to Fox News:
The Israeli state and its supporters view the American taxpayers as people to be exploited and defrauded for the benefit of a regime that offers Americans nothing in return.
The US assessment goes against the claims from Israeli Prime Minister Benjamin Netanyahu, who launched the war under the pretext of preventing Iran from obtaining a nuclear weapon.
