How Many Stockbrokers Does it Take to Change a Light Bulb?

Image by Eric Brehm.

The Musk and Trump cuts to government programs are part of a larger movement towards ‘free markets’ began a little over fifty years ago when we abandoned fixed exchange rates (rates set by the government) in favor of floating exchange rates (the Float). In other words, the government past the decision making for determining the rate of exchange between two currencies to the market (those buying and selling currencies).

The Float was a watershed moment. It began...