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| Our Debt, the Hapsburg Empire, and Economic Illiteracy |
| Gregory Bresiger |
| Americans like to believe that the US is a wealthy, indestructible country, but as government debt piles up and inflation ravages the economy, perhaps they need to start worrying. Our present path is unsustainable. |
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| If Only FTX Could Use the Fed’s Accounting |
| Douglas French |
| What happens to businesses when liabilities exceed assets? They go bankrupt, with the spectacular failure of FTX being front-and-center. However, the Federal Reserve is in the same position but unlike FTX, the Fed can create fictitious assets and pretend that nothing is happening. |
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