“Despite massive evidence to the contrary, libertarians hold tight to their roman…” — Paul Craig Roberts

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

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 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.