The United States entered its fiscal decline several decades ago, most notably when it could not fund expenses for the Vietnam war from current revenues. It has never caught up.
It makes me tired to think how much the feds tax us, primarily to make us dependent on them for everything.
Yet the president nurses constant resentment that other countries take advantage of the United States.
Perhaps Trump wanted to build a tower in Moscow so he could escape New York’s building regulations. If you want a good deal, pay Vladimir Putin to grant you a charter to do business in Russia. You can be one of his oligarchs.
Wave upon wave of fraud became so rampant among bankers, they gradually and then completely lost confidence in each other. They also – rightly – lost confidence in their assets. The collapse we saw resulted from bankers making a run on each other’s institutions. In the situation they had created, panic was a rational response.
The concept of free money is great. The counterfeiter and the swindler both pay their respects. People who love their …
The economy does not create jobs. The government does not help the economy create jobs. These abstractions do not reveal anything to us …