With unified Republican control of the White House and Congress, US President-elect Donald Trump is poised to pursue radical economic policies. By undermining the Federal Reserve’s independence, introducing massive tax cuts and loosening cryptocurrency regulations, he risks triggering a surge in inflation.

BERKELEY – In 1919, John Maynard Keynes was famous declared“There is no subtler, no surer way to overthrow the existing foundation of society than to abolish the currency.” Keynes attributed this insight to Bolshevik leader Vladimir Lenin, who argued that currency devaluation was the “best way to destroy the capitalist system.”