In terms of economics, what currently is should be of very little importance: what matters, and that we should seek to understand, is the process that brought it about and that will create what will be in its place.
Although the term “sanctuary” implies comparability to local jurisdictions that refuse to participate in the enforcement of some federal immigration laws, the similarities don’t go beyond the name itself.
To a certain degree, the showdown in Virginia is really only superficially about guns. It represents the valid anxiety that has arisen as the state’s rural population finds itself increasingly powerless in the face of the rapidly expanding political power wielded by high population centers.
If the small sample size of monetary history is any guide, the combination of asset market crashes and high goods inflation empowers sound money forces in the political arena. At the moment, neither of those factors are in play.
The NPC-like script in responding to the attacks has been so on the nose that Vice President Mike Pence even tried to tie Soleimani to September 11 in a move that must have made Trump's attorney and frequent gaffe machine, Rudy Giuliani, proud.