The article discusses the vulnerabilities of the U.S. financial system under the Trump administration, particularly highlighting deregulation efforts in the cryptocurrency sector. Economist Gerald Epstein argues that the lack of regulation fosters a dangerous environment reminiscent of the Wild West, raising the risk of a new financial crisis. This environment threatens not only the financial system's stability but also the broader economy, illustrating a troubling shift towards self-enrichment for those in power, rather than fostering genuine economic security for the public.
"Under the Trump administration, the U.S. financial system is becoming a Wild West of unregulated institutions and markets, increasing the risks of a financial crisis."
"For Trump, the actual meaning of 'America First' is 'self-enrichment,' reflecting a disregard for the vulnerable state of the financial system and its potential impact on the economy."
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