James Leroy Wilson's blog

Thursday, April 21, 2005

A National Emergency

My latest at the Partial Observer:

The crisis is ultimately that of the falling value of the dollar, with hyperinflation on the horizon. At some point, our government and our people will be so heavily in debt to foreign lenders that they will be reluctant to lend any more. They will consider our dollar to be too cheap to possess. They will have no more faith in the robustness of the American economy. Strengthening the dollar is the means to strengthen the economy, and that means to borrow less.

The following proposals for Congress are not radical, but they are drastic. But they are necessary means to delay, and hopefully, avoid, an economic collapse.

Complete article here.

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