A Ship of Fools Rounds the Fiscal Horn

“The Fed runs everything; it has pegged, manipulated, medicated and manhandled the entire financial system. There is not an honest interest rate left…..A Regime of crony capitalism, for both sides… using the tools of the State the budget and the central bank…to accomplish ends that would not be remotely feasible, reasonable or likely in a free market.”  So says Mr. Stockman.””

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