Last week, Jerome Powell insisted that he’s not going to change his mind on allowing interest rates to rise while allowing the assets on the Fed’s portfolio to (very slowly) roll off the balance sheet. At the Federal Reserve’s annual Jackson Hole conference, Powell’s speech lasted only ten minutes. Powell had a fairly simple message.

The biggest uncertainty with libertarianism is not whether it is moral but whether it is achievable.

Some form of libertarianism is what ought to be. Aggressive violence can’t be moral under any circumstances. The state is an institution that relies on aggressive violence for sustenance and is, therefore, an immoral entity.

But, despite being immoral, it still exists. I’m beginning to question whether it will ever cease to exist in any form or if we, as individuals, have control over what it looks like.