The importance of monetary policy in a rule of law

Abstract

The intention of this work is eminently practical: that of sounding possible solutions to a problem already widely studied and analyzed, such as that of monetary instability, but within the framework of what is now increasingly snorted: a rule of law.
I prefer to start by clarifying what I understand in this context by rule of law: a political organization of society where the individual rights before and above that same organization are guaranteed to the public authority. In this sense, the rule of law does not merely translate into the state of legality and is not exactly identical to that of a constitutional order. The rule of law implies a legal philosophy opposed to that prevailing for a century throughout Latin America: that of legal positivism.
In the following considerations, both the traditional iusnaturalist view of circles related to the Catholic vision of society and the evolutionary normativism of customary law and the interpretation and define of a thinker of the likes of F.A. von Hayek are alternative premises for the justification of what is meant here by rule of law.