“As the dollar's exchange value declines, so will the value of dollar-denominated…” — Paul Craig Roberts

Progressives regard government as the white knight that protects the public from the greed of capitalists. If only.

Despite massive evidence to the contrary, libertarians hold tight to their romantic concept of capitalism, which, freed from government interference, serves the consumer with the best products at the lowest prices.

When I met with Chinese policymakers in 2006, I advised them that there was a limit to how long they could rely on the U.S. consumer market, as jobs offshoring was destroying it.

As the U.S. is import-dependent, this will translate into higher domestic prices.