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Power Politics

16 June 2025
A society only produces so much wealth. It can then consume it. Or, it can save and invest...so as to produce more in the future. The real ‘political’ question is: who decides?

Another Brick in the Wall

14 June 2025
Reducing trade deficits also means reducing the number of US dollars that end up in foreign hands. Those dollars are typically recycled into US bonds. That’s the way the fake money model works.