he asset‑enhancement state: how America turned its stock market into a weapon
By James Quillian,Economist, Political Analyst, Natural Law
We are told the country is rich because the people are productive, because innovation is relentless, because the “free market” keeps allocating capital to its highest use. We are told the stock market is a barometer of national health, a living scoreboard of American dynamism. We are told that when the indices rise, the country rises with them.
That story is cover.