"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
U.S. Dollar: Mother of All Bubbles
Submitted by Little Alex on Fri, 2010-06-18 03:00
Jesse's Cafe Americain: The USD as the world's reserve currency, and the unusual period of U.S. prosperity, is a non-historical artifact of the post World War II era that will not continue indefinitely. When the reversion to the mean occurs, it is likely that the dollar will have to be reissued as 'the new dollar' similarly to the rouble in the post-Soviet adjustment.
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