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How a Fed Overhaul Could Eliminate the Federal Debt Crisis, Part II: Curbing Fed Independence
There has been considerable discussion in recent years about reforming, modifying, or even abolishing the Federal Reserve. Proposals range from ending its independence, to integrating its functions into the U.S. Treasury Department, to dismantling it and returning monetary policy to direct congressional or Treasury oversight. The Federal Reserve Board Abolition Act (H.R. 1846 and S. 869, 119th […]
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Donald Trump and Depression Economics
Somewhere in the universe is a man known as Donald Trump. He has residences in New York, Palm Beach, Florida, and a white columned house at 1600 Pennsylvania Avenue, Washington, D.C. From these well-furnished bungalows, where supplicants meet to greet, monarch butterfly Trump governs his territory ─ planet earth. When the monarch desires a change […]
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Our Fragile Infrastructure: Lessons From Hurricane Helene
Asheville, North Carolina, is known for its historic architecture, vibrant arts scene and as a gateway to the Blue Ridge Mountains. It was a favorite escape for “climate migrants” moving from California, Arizona, and other climate-challenged vicinities, until a “500 year flood” ravaged the city this fall. Hurricane Helene was a wakeup call not just for stricken […]
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The Country of the Rust Belt and the Broken Road
José Clemente Orozco (Mexico), The Epic of American Civilisation, 1932–1934. In his inaugural presidential address on 20 January 2017, Donald Trump used a powerful phrase to describe the situation in the United States: ‘American carnage’. In 1941, seventy-six years before this speech, Henry Luce wrote an article in Life magazine about the ‘American century’ and […]
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War with China
Don’t want to spoil your weekend, but the American Enterprise Institute (AEI) has picked Foreign Policy (FP) magazine’s article, How Primed for War Is China, as a top commentary. AEI states: “The likelihood of war with China may be the single-most important question in international affairs today. FP knows how to start an article and […]
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The IMF’s Neocolonial Grip on Pakistan Is the Same as Its Grip on the Third World
Pakistan has made international headlines repeatedly over the last year for almost all the wrong reasons. While the country has been associated with extremism and terrorism for over two decades, more recently Pakistan has become known for natural disasters and political upheavals. Among the issues that deserve serious scrutiny – but gets little to no […]
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