Saturday, January 28, 2012

How Fed Policy Creates Crony Capitalism & Inequality

A reader has sent this interesting interview of David Stockman, former Reagan official.

I don't agree with verything he says, but his basic argument that Fed policy creates a crony capitalism that in turn creates undeserved wealth for bankers is certainly correct, as is his observation that Obama, Gingrich and Romney are clueless about or complicit in it.


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