Source: Cobden Centre
by Justin M Ptak
“Money is often described as neutral, technical, or merely instrumental — a passive medium facilitating exchange within an otherwise political society. This view is not only mistaken; it is profoundly misleading. Money is the hidden constitution of every political order. It determines which actions are possible, which institutions survive, which risks are rewarded, and which failures are forgiven. While constitutions proclaim rights and legislatures debate policy, money silently governs outcomes. For this reason, the structure of a monetary system is never merely economic. It is moral, political, and civilizational.” (01/15/26)