By restoring the gold standard, the United States would shift away from “less responsible policies” and toward a stronger dollar and a stronger America.
U.S. stocks took a blow early this Wednesday due to renewed concerns about the euro zone’s sovereign debt crisis.
The commission that investigated the crisis casts a wide net of blame, faulting two administrations, the Federal Reserve and other regulators for permitting a calamitous concoction.
Since the government took over Fannie Mae and Freddie Mac, taxpayers have spent more than $160 million defending the mortgage finance companies and their former top executives in civil lawsuits accusing them of fraud.
Over the past few decades, China has benefited hugely by hitching itself to a process of globalization where the rules were written in Washington and the American consumer was the buyer of last resort.