Goodbye to the Dollar

The inept and corrupt presidency of Donald Trump has unwittingly triggered the fatal blow to the American empire — the abandonment of the dollar as the world’s principal reserve currency. Nations around the globe, especially in Europe, have lost confidence in the United States to act rationally, much less lead,...

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Crimes of the Trump Era (a Preview)

Crises? The media is already talking about constitutional ones, but believe me, you ain’t seen nothin’ yet. Conflicts of interest? So far, grim as the news may look, there’s hardly been a hint of what’s sure to come. And crimes against the country? They’ve hardly begun.

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2008 All Over Again

Will the American public passively permit another massive bailout of the banks? Will it accept more punishing programs of austerity to pay for this bailout? Will a viable socialism rise out of the economic chaos to halt further looting of the U.S. Treasury and the continued reconfiguration of the economy...

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The Downsides of Cheap Abundance

MIT Economist Paul Samuelson liked to focus on scarcity, or more specifically, the allocation of scarce resources. “Abundance” was always a pretty word with an idyllic connotation for Professor Samuelson. I often wonder why there weren’t a few classes about the real-life consequences of abundance, along with scarcity and people’s...

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