How Crony Capitalism (Or The 'Undiluted Lunacy' Of The Fed) Corrupts The Free Marketsby Tyler Durden
Sep. 28, 2012
Progress: "Artist" Who Breastfed Dog, Fertilized Her Own Egg With Dog Cell Wins Prestigious Prize
U. Of Penn Teaching Aide: I "Always" Call On Black Female Students First, White Men Last
Father Of Soldier Slain In Niger Says Pres. Trump Was 'Real Cordial' In Condolence Call
Transgender Man Accused Of Raping 10-Yr-Old Girl In Bathroom
'It Was Clearly Managed': Tucker Questions Ellen-Campos Interview, Talks Las Vegas Conspiracies
"This is the final abomination" is how David Stockman begins his epic rant on the Federal Reserve and crony capitalism in this clip. The "undiluted lunacy" of their actions prompted him to address the Fed's decision to "print ourselves to death" by saying "this has gone too far, it's street-fighting time" as he decides, instead of the erudite philosophical view of how capitalism is being destroyed by statist philosophies of one type or another, to launch into a full-strength tirade about The Fed. For starters, "The Fed is being run by the single most-dangerous man ever to hold high office in the history of the United States, "as he opines that Bernanke is more dangerous than Geithner, Greenspan, Summers, Hank Paulson all put together. Must watch...
"Bernanke is so bad that we should wish to return to the age of Marriner Eccles in 1935 - a fiscal Keynesian who believed that money-printing would fuel speculation and inflation; if the government were going to rob the people, it should do it the honest way - through taxes"