Although we’re two weeks into 2025, I wish to recommend some extra New 12 months’s resolutions.
The Federal Reserve ought to resolve to cease enabling extreme federal spending by buying Treasury bonds, thus monetizing the federal debt. The Federal Reserve’s monetization of federal debt permits the federal authorities to amass trillions in debt whereas working a world empire overseas and a welfare state at dwelling.
The American folks really feel the consequences of the Fed’s debt monetization within the type of the regressive inflation tax.
Ultimately the monetization of federal debt will result in a serious financial disaster brought on by, or leading to, the rejection of the greenback’s world reserve forex standing.
The Federal Reserve must also resolve to chorus from growing a Central Financial institution Digital Foreign money (CBDC). A digital forex managed by the Fed will give authorities new energy to violate People’ monetary privateness.
The media ought to resolve to cease gaslighting the American folks with misinformation. For instance, the media ought to cease repeating the lie {that a} failure to boost the debt ceiling will result in a authorities default on its money owed. The reality is a refusal to boost the debt ceiling would pressure Congress to scale back current and future spending — identical to most individuals do after they discover themselves in debt.
One other instance of false information is that Russia’s invasion of Ukraine was unrelated to the US supported 2014 coup in Ukraine and the breaking of the promise that if the Soviet Union withdrew from Japanese Europe the US wouldn’t help increasing NATO.
Lastly, these dedicated to the reason for liberty ought to resolve to extend their understanding of the advantages of liberty and the risks of authoritarianism. This implies finding out the works of libertarian thinkers like Ludwig von Mises and Murray Rothbard in addition to of the opponents of liberty on each the left and proper. It additionally means staying updated with present occasions and looking for the reality behind the lies of the mainstream media and the political class. Understanding our opponents’ arguments helps us win debates and, extra importantly, win converts.
These wishing to advance the reason for liberty ought to spend time enthusiastic about how their abilities and pursuits might be greatest used to assist the trigger. Some persons are greatest suited to run for public workplace whereas others are drawn to instructing or working for a public coverage “assume tank.” There’s a nice want for extra journalists who perceive economics and liberty.
There’s additionally a necessity for pro-liberty people who make motion pictures, write books, and carry out music. I’ve all the time believed music have to be a part of any profitable libertarian revolution. Anybody who doubts the significance of tradition ought to contemplate how many individuals have been launched to the concepts of liberty by Ayn Rand’s novels, and the way many individuals got here to know the evils of authoritarianism by the novels of George Orwell.
The freedom motion additionally wants extra folks keen to not simply fund candidates but additionally to spend money on these organizations growing and spreading details about the concepts of liberty and the risks of all types of authoritarianism. I hope everybody joins me in resolving to make 2025 a 12 months of liberty, peace, and prosperity.
