We sure don't need any damn foreigners to make our currency worthless. The process was started by the economic geniuses who moved into Washington with that superannuated movie star in 1981. Their discovery -- that you can combine low inflation with low unemployment by borrowing money from foreigners -- has been exploited by administrations of both parties ever since. It has made Ponzi schemers of us all.

With a little luck, in a couple of years we'll have a superannuated *beauty queen* for president. Perhaps her economic advisers will get us all hooked on chain letters.