Michael S. Milano

The notion that transparency fosters trust fails to account for the indispensable role of privacy. Privacy is not merely a personal preference—it is the guarantor of fungibility.

Governments have so corrupted money that we forget that sound money, by providing both fungibility and privacy, has been a defense against overreaching governments. While sound money is in the interests of citizens, governments have managed to destroy it.

Surveillance technology along with expanded telecommunications erodes our ability to keep private things private. However, the growth of collectivist ideology makes this worse, since collectivists believe that all of life is political.