A major catalyst behind the collapse of the Bretton Woods system was the loose monetary policies of the US central bank, which pushed the price of gold in the gold market above the official $35 per ounce.
Having failed to make an economic argument for tariffs, the White House is relying on a dubious national-defense argument instead.
Even without the Bill of Rights, the federal government has no legitimate authority to control what people read or what people own, including books and guns.
Robert Reich isn't interested in economics. His pronouncements are simply clarion calls to destroy wealth and spread poverty.
If a currency can't be converted on demand into the underlying commodity, it's not "backed" by that commodity.
The Rockefellers and their intellectual and technocratic entourage were, indeed, central to the New Deal.
Can political arrangements be dissolved peacefully? Legally? At the ballot box? By any mechanism short of outright violence and civil war?
Protectionism may provide some short-term benefits to a small number of special interests, but at much greater costs to the rest of society.
A tariff is a tax on imports. That tax is paid by every American who buys the now-more-expensive product.
