100 years ago, coordination among central banks was engineered to speed up the renunciation of the gold standard, and greatly enlarge the freedom of all central banks to inflate money supplies.
The intellectual tectonic plates within economics are shifting, and the Austrian school is well placed to provide explanations for the coming bursting of the Super Bubble.
The socialist and anti-liberal movements we now face comes to use from intellectuals, aristocrats, and other elites. The "proletariat" has had no role in devising the movements we're sold serve the interests of "the people."
One of the world's most militaristic Islamic dictatorships — Saudi Arabia — lobbies heavily in Washington to increase US military spending — and the Saudis are rewarded handsomely for their efforts.
