The Federal Reserve has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment.
It is true that classical libertarian thought is opposed to state intervention in social life, as a consequence of deeper assumptions about the human need for liberty, diversity, and free association.
In the US, there is basically one party – the business party. It has two factions, called Democrats and Republicans, which are somewhat different but carry out variations on the same policies.
There wouldn’t have been an international global solidarity movement, for instance, without the events of 1968. It was enormous, in terms of human rights, ethnic rights, a concern for the environment, too.
They come from acceptance of American values, not a rejection of them, and recognition that they’re rejected by the U.S. government and by U.S. elites, which does lead to hatred and anger.
One of the best predictors of policy around is Thomas Ferguson’s investment theory of politics, as he calls it – very outstanding political economist – which essentially.
