"The idea that deficits don't matter as long as you have your own currency is just wrong. In a world of scarce resources, someone always pays.”- N. Gregory Mankiw Some are calling recent political events America’s “socialist moment," as many libertarians have been predicting for a generation that this surge would occur. The current "socialist moment" is not a sudden ideological rupture, but the inevitable consequence of a century of institutional erosion driven by a bloated interventionist state. For decades, the federal government has systematically distorted the market through central bank...