Letter Re: United States Economy and Status
HJL – I have been a student of economics my entire life. From my early college education in the ’70s and ’80s to continued research for hobby, and for work I have tried to understand the micro and macro perspectives of the U.S. economy. We are at a place in history that is without precedent. Never has a nation with the responsibility of the reserve currency of the world made such dangerous bets with its economy and currency. The decisions of the Treasury and FED to head off an electronic bank run in 2008 prevented what would have been the …