Contents
Introduction
Summary
PART 1
Chapter 1—Concerning Right Thinking: Logic
Chapter 2—What We Know for a Fact: Humans Act
Immanuel Kant’s Critique of Reason and Human Action
Chapter 3—What is Indispensable for Human Action: Property
Chapter 4—Interpreting History: The Role of Theory
Chapter 5—The Driving Force of Civilization: Inequality
Chapter 6—The Perfection of Exchange: Money
Chapter 7—The Decivilizing Force: The State
Chapter 8—The State and the Deterioration of Money: From Commodity to Fiat Money
Quotes
A global economy requires a global currency.
— PAUL VOLCKER
People are annoyed that the truth is so simple.
— JOHANN WOLFGANG VON GOETHE
It is never too late to become reasonable and wise; but if the insight comes late, there is always more difficulty in starting the change.
— IMMANUEL KANT
The Global Currency Plot
Dedication
For my father
Dr. Horst E. Polleit
1934–2018
Praise for this Book
Socialism is based on bureaucratic planning. This means a restriction of personal freedom. The dream of equality, a goal even of democratically dressed up socialism, can only be achieved by coercion. With clear logic Thorsten Polleit shows in this important work the aims and ways in which democratic socialism moves toward a globally planned state, dominated by a ‘nomenclatura’. With convincing logic, however, he also presents the free market economy as a superior alternative. A fascinating book!
— H.S.H. PRINCE MICHAEL VON UND ZU LIECHTENSTEIN
Praise for this Book
Socialism is based on bureaucratic planning. This means a restriction of personal freedom. The dream of equality, a goal even of democratically dressed up socialism, can only be achieved by coercion. With clear logic Thorsten Polleit shows in this important work the aims and ways in which democratic socialism moves toward a globally planned state, dominated by a ‘nomenclatura’. With convincing logic, however, he also presents the free market economy as a superior alternative. A fascinating book!
— H.S.H. PRINCE MICHAEL VON UND ZU LIECHTENSTEIN
Jefferson Was Right: The SOTU Address Should Be Written, Not Spoken
The absurdity of those State of the Union Speeches. Like many political traditions accepted as unchangeable or timeless by Americans, the State of the Union Speech is neither required nor wise. First of all, the constitution merely states that the president “give to the Congress Information of the State of the Union, and recommend to their Consideration such measures as he shall judge necessary and expedient.” It doesn’t say anything about this information being conveyed in a speech.
China’s Emerging Global Leadership Isn’t Just the Result of Subsidies: Entrepreneurship Still Matters in This Market
China has become a global leader in the electric vehicles (EVs) sector, and Western governments are worried that its comparative advantage will become entrenched. Once again, mainstream pundits blame China’s success on government subsidies and unfair competition. This is just a pretext to argue for more government support in a sector which, from the very beginning, has not been driven by genuine consumer demand but by a political green agenda.
Artificial Intelligence Can Serve Entrepreneurs and Markets
Marketplace competition is reaching a new high with the era of artificial intelligence—deep machine learning capabilities offered to the entrepreneur as specialized services. AI tools as services spanning the marketplace are popping up at a rate that is seemingly increasing firms’ productivity and competitiveness.
