Friday, March 27, 2009

Paul Craig Roberts, Beyond Right and Left

You have to love a guy who writes for the hard right Chronicles one day — Launching Lifeboats Before the Ship Sinks — and the hard left CounterPunch the next — Is the Bail Out Breeding a Bigger Crisis?

In the former, he concludes, "If the U.S. government is forced to print money to cover the high costs of its wars and bailouts, things could fall apart very quickly." In the latter, he asks, "Is the US dollar’s status as world reserve currency threatened by the debt monetization and multi-year, multi-trillion dollar issuance of new Treasuries?"

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Omnes Sancti et Sanctæ Coreæ, orate pro nobis.