Postmodernism lends itself to totalitarianism. Once beliefs aren't constrained by the object world, an idea can't be wrong, and the intellectual battleground becomes a political one, a struggle to impose certain ideas on all.
The Chinese regime hopes it can use a digital yuan to challenge the supremacy of the US dollar. That brings a host of geopolitical advantages, as well.
In some cultures, entrepreneurial achievement and capital accumulations are viewed with high levels of suspicion and envy. This can be disastrous for economic progress.
At a time when universities have become the most intolerant institutions against intellectual freedom, environments like the Austrian Economics Research Conference have never been more important.
In a normal world, American spending would have sharply declined during the past year. But a flood of newly printed money has juiced spending and imports.
The state seeks to not only supplant religious institutions by usurping their mundane functions but by usurping their spiritual functions as well. American Christian institutions form both a rival religion and a competing pole of social power.
