The Trump Administration has presented the first part of its plan to overhaul a number of Wall Street financial regulations, many of which were enacted in the wake of the 2008 financial crisis. The report is in response to Executive Order 13772 in which the US Treasury Department is to provide findings "examining the United … Continue reading The Ultimate Regulatory Reform: Abolish Fractional Reserve Banking!
Not surprisingly, Donald Trump has followed in the infamous footsteps of his presidential predecessors in the transition from candidate to chief executive. Invariably, every candidate for the presidency makes a whole host of promises, the vast majority of which are horrible and typically only exacerbate the problems they attempt to resolve. Among the proposals, however, … Continue reading Donald Trump is an Economic Ignoramus!
On April 28, Secretary of State Rex Tillerson told the U.N. that North Korea “must dismantle its nuclear missile programs” before the US “can even consider talks.”* Sounds reasonable. Why hasn’t the Kim Jong-Un regime responded with open arms and shouts of joy for this generous and fair-minded proposal from Uncle Sam? Maybe it is … Continue reading Why is North Korea Being So Unreasonable?
It is altogether fitting that the US attack on a Syrian airport, the dropping of a MOAB on defenseless Afghanistan, and the potential outbreak of nuclear war with North Korea have all come in the very month one hundred years earlier that an American president led the nation on its road to empire. President Trump's … Continue reading On the Commemoration of World War I: From Woodrow Wilson to Donald Trump
Last Thursday's wanton attack on a Syrian air field by the US and its bellicose actions toward North Korea have brought to the forefront the real cost of candidate Trump's landslide victory last November. Unlike most laymen, accountants, and financial analysts, economists look at cost differently. For economists, cost or more specifically, "opportunity cost," means … Continue reading The Cost of a Trump Presidency
Despite the widespread hope among libertarians, classical liberals, non-interventionists, progressive peaceniks, and all those opposed to the US Empire that it may have some of its murderous reins pulled in with the election of Donald Trump, it appears that such optimism has now been dashed. While the hope for a less meddlesome US foreign policy … Continue reading The American Empire and Economic Collapse
If there had been any doubt that the land of the free and home of the brave is now a totalitarian society, the revelations that its Chief Executive Officer has been spied upon while campaigning for that office and during his brief tenure as president should now be allayed. President Trump joins the very crowded … Continue reading Welcome to Totalitarian America, President Trump!
Review: Charles A. Beard, American Foreign Policy in the Making, 1932-1940: A Study in Responsibilities. New Haven: Yale University Press, 1946. Introduction Last year, 2016, marked the 70th anniversary of the publication of Charles Beard's masterful study of United States foreign policy prior to the nation's disastrous entrance into the Second World War, American … Continue reading Charles A. Beard, “American Foreign Policy in the Making, 1932-1940″*
John Connally, President Nixon's Secretary of the Treasury, once remarked to the consternation of Europe's financial elites over America's inflationary monetary policy, that the dollar "is our currency, but your problem." Times have certainly changed and it now appears that the dollar has become an American problem. In a recent interview with the Wall Street … Continue reading Donald & the Dollar
The death of the brutal Cuban Communist dictator Fidel Castro closes the door, in some respect, on another disastrous page in US foreign policy history. For all the denunciations and criticism of Castro from conservative elements and exiled Cubans, his despotic rule was the outcome of decades of American imperialism which began with President William … Continue reading Fidel Castro and the American Empire
Antonius Aquinas 