China cannot disrupt the global monetary system and dethrone the US dollar when it has one of the world’s tightest capital control systems, a lack of separation of powers and weak transparency in its own financial system
Wasserman has brought to light substantial archival material on the background of the Austrian school. But his conclusions are deeply flawed, a s Wasserman is beyond his depth when he writes about theoretical issues.
The attack on the principles of the Rule of Law was part of the general movement away from liberalism which began about 1870. It came almost entirely from the intellectual leaders of the socialist movement.
One East Berliner told me there was not much difference between “freedom” in West and East Berlin because some workers in West Berlin had to commute more than half an hour by bus to get to work. Hence, they had no freedom.