How Can We Restore Freedom and Sound Money in the US and the UK? Some Ideas
The purpose of this essay is not to convince the reader of the necessity for change. It is to present some commonsense policy changes to attempt to mitigate the economic harm that has been done to Western economies, especially to the United States and the United Kingdom, since the end of World War II. Please watch Godfrey Bloom and Alasdair Macleod’s recent interview with Sonia Poulton.
The video describes the current financial and reputational weaknesses of the West. For a more in-depth analysis of the financial threat to the West, please read any of Alasdair Macleod’s weekly essays from the past few months.
In the Poulton interview, Macleod ably describes the financial implications of the West’s deindustrialization policies and currency debasement. Bloom describes the reputational damage stemming from the West’s “sanctions” against Russia plus the consequences of deindustrialization due to the foolish pursuit of a Green New Deal.
This essay’s goal is not to convince the reader of the seriousness of the current situation, which Bloom and Macleod do so well, but rather to present policies that must be changed to stop the destruction of the West’s economies and reverse the harm to their reputations. Western nations need to build a reputation for honesty, fair dealing, and adherence to the rule of law in the international arena by embracing free trade and neutrality.
There is no need to point out that in the US and the UK, none of the policy changes listed below will be enacted by either of the two main political parties in their current state. Either one of the leading parties in each country must change leadership or a third party must emerge. There is precedence in both America and Britain for the emergence of a new party. In the mid-1850s, America’s Whig Party was thrown on the scrap heap of history when it was supplanted by th
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