Joe Doakes from Como Park emails:
As recently as last Spring, European nations were content to leave their gold in US banks backed by the US government. They trusted our traditional institutions to protect their property.
So I gotta wonder – what has changed in the last few months that makes European nations fear United States banks and government are not trustworthy?
Joe Doakes
we’re getting a lot of rhetorical questions, lately, Joe…
Good, of course – but rhetorical.
Keynes knew that there were limits to ‘keynesian economics’. Politicians don’t.
They know he has a pen and a phone, just like FDR.