Sunday, June 23, 2019

Learn Economics Topic Sixteen

16. Reserve Currency and Triffin Paradox:

Henry Kissinger Schools Mercantilist Trump About Reserve Currency

Most of Trump's advisers are mercantilists. It will be necessary to watch the impact they have on Donald Trump's efforts to make "America great again" in the age of the American reserve currency.

Does Donald Trump Want a Financial Depression?

The disturbing issue for me is that the Austrian Economists who are influencing the administration do not believe that a financial depression is that big of a deal. The concept of the strong dollar under Trump also has to be addressed.

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While I have supported some economic policy, it turns out that racism was a strong motivator for some of those policies. I oppose racism in all forms and prove my commitment by rejecting anything other than the Westphalia or Westfalia view of sovereignty, which is mutual respect for all nations by all other nations. 

Perverse sovereignty is as bad or even worse than excesses in globalization which gives banks power over governments. Both are ultimately bad for America. This blogger supports free trade and opposes a border tax. But government should be stronger in order to rein in big banks who abuse the people with toxic loans.

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