I want to begin by asking a simple question: Why can’t I have my own money printer? It may seem like a silly question, but the principles and effects that emerge from thinking about it are profound.

To understand the effects, we must also ask another question: What would happen if I had my own money printer? The answer is simple: I’d print my own money, of course. The consequences of having the power to print money would be innumerable, as it would change almost everything, from the decisions I make to the whole direction of my life.

According to the leader of the monetarists school, Milton Friedman, our knowledge of the world of economics is elusive. Consequently, it does not really matter what the underlying presuppositions of a theory employed to ascertain the nature of reality are. In fact, anything goes, as long as the theory can yield good predictions. By this thinking, any theory that is applied on historical data could be valid as long as it could produce accurate predictions.

President Trump has told The New York Times that he expects to “run” Venezuela for many years following the US attack on Caracas to abduct President Nicolas Maduro.

In modern political debate, rising costs of living are usually blamed on markets. Housing is “unaffordable.” Healthcare is “broken.” Education is “too expensive.” The proposed remedy is almost always the same: more public spending, more intervention, more emergency programs funded by government credit.

But what if the affordability crisis is not a failure of markets at all? What if it is the predictable outcome of how modern governments finance themselves?

Money is often described as neutral, technical, or merely instrumental—a passive medium facilitating exchange within an otherwise political society. This view is not only mistaken; it is profoundly misleading. Money is the hidden constitution of every political order. It determines which actions are possible, which institutions survive, which risks are rewarded, and which failures are forgiven. While constitutions proclaim rights and legislatures debate policy, money silently governs outcomes. For this reason, the structure of a monetary system is never merely economic.

It is taken, in many cases, to be fact that the reason the Constitutional Convention was called and that the Constitution was ratified was because of the failure of the Articles of Confederation system. The folks at Heritage have made their position clear:

India recently witnessed one of the worst aviation disruptions in years. Thousands of passengers were stranded across airports, entire flight schedules collapsed, and social media was filled with videos of frustrated travelers sleeping on floors. The chaos was not just an operational failure, it was the outcome of a deeper conflict between the regulator and the airlines, triggered by the new DGCA guidelines, especially the rollout of FDTL Phase 2 for cabin crew scheduling.