“When I met with Chinese policymakers in 2006, I advised them that there was a li…” — 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.

As the dollar's exchange value declines, so will the value of dollar-denominated financial instruments, regardless of how many bonds the Federal Reserve purchases.

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