2009 – 2016: Was the Eight-Year Experiment in Maintaining the Status Quo a Success or a Failure?
by Charles Hugh-Smith Clearly, the core strategy of maintaining the status quo is to borrow and spend trillions of additional dollars every year. The Obama presidency was a grand experiment to test this thesis: the status quo of the U.S. is a self-correcting mechanism. Left to its own devices, it will automatically correct any socio-economic-political imbalances, … Read more