Wednesday, February 4, 2009

The zombie dollar

This is a bit of an obvious one, and both the Economist and Felix Salmon have gone before me, but I feel the compulsion to vent regardless.

So what exactly is it about the phrase "A strong dollar is in America's national interest" that is so damn special. Is this some sort of ancient incantation from the hermetic order of the free-masons. Why does every Treasury secretary repeat this like a chant when we all know that America has no dollar policy at all, and that if it decided to start having one, it would sure as hell included weakening the damn thing as much as possible. Shit like this scares me about the Obama administration. Somebody, at some point, with some authority, needs to actually get up there and tell the American people that they have no banking system, and that the dollar depends entirely upon the kindness of strangers, lest we end up like Reykjavik-on-Thames.

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