Decentralized decision-making is critically important in potential emergency situations, because only property owners have the skin in the game that that forces people to think long and hard about the consequences and side effects of their actions.
The dollar has benefited mightily from the abandonment of commodity money, the Bretton Woods system, and the rise of competing fiat currencies. This is partly why the dollar has come to dominate international trade.
The 1920s featured political détente, debt liquidations by prior consumer price inflation, an introductory stalling of monetary inflation, a German economic miracle, and a broad-based technological revolution. The 2020s have none of these.
The government spends vast amounts of money on educational programs that aim to give “equal opportunity” to those deemed disadvantaged, but there is little or no evidence that these programs achieve anything.
Staten Island once voted 2-to-1 to leave New York City. The Manhattan overlords ignored the vote. But Staten Island would be better off as a separate city, and the same holds true for Brooklyn and Queens.
The Italian film director Pietro Marcello brings us a film that visibly moves the needle toward individualism and against collectivism in all its various manifestations.
