Can Money Be Digitized? (a supplement to “What is Money?” in the June 12th TLR) Money’s new name, apparently, could be Libra. Facebook is in the process of creating a new digital currency that it’s calling Libra. It hopes to roll-out the new currency in 2020....
A History Lesson An often-heard refrain today among younger Americans is that they don’t have the same opportunities to achieve the American Dream as their parents and grandparents had. Jobs are scarcer. The jobs that are available don’t provide the same level of income...
Wagging the Dog “Wagging the dog” is a synonym for a magician’s trick of focusing attention on a figurative “shiny object” to distract audiences from the magician’s slight-of-hand. “Wagging the dog” in a geopolitical context refers to a leader diverting the public’s attention from something...
A Delicate Balancing Act The NY Times on May 21st published an editorial entitled “Charity Won’t Solve Student Debt” the title of which spotlighted the student loan debt debacle crisis. Total student loan debt now stands at $1.56 trillion with more than 44 million Americans...
The Trade War with China: What’s America’s Beef? Some have argued that the Trump Administration’s tariffs against China are overdone, a flexing of unnecessary economic muscle for internal U.S. political purposes. That’s not the reality. China’s anti-World Trade Organization actions are illegal immoral mercantilist...
