Results for: Libertarianism

Representative Thomas Massie has introduced a bill in the House to abolish the Federal Reserve, which has been the central banking system of the United States since 1913. The bill, H.R. 8421, seeks to end the Board of Governors of the Federal Reserve and its banks, as well as repeal the Federal Reserve Act. Massie argues that the Federal Reserve is responsible for the high inflation and devaluation of the dollar, and that Americans would be better off without it. The bill has been co-sponsored by several other Republican representatives.

Argentina’s libertarian president, Javier Milei, faces mounting pressure amidst worsening budget cuts at public universities, drawing widespread protests and a heated ideological battle. The cuts, which Milei claims are necessary to reach zero deficit, have sparked outrage among students and faculty, who fear for the future of quality education. With the University of Buenos Aires, one of Latin America’s top institutions, facing a shutdown, the crisis highlights the broader ideological divide and the precarious state of Argentina’s economy.