Mark Thornton, Senior Fellow at the Ludwig von Mises Institute, discusses the crime of the Fed’s “bailout” of the big financial institutions and the cronyism between the two, the problems with our fractional reserve system, the destructive consequences of a close state-private business relationship, the perils of inflation on society, the possibility of a catastrophic global dollar sell-off, how our trade deficit is a symptom of the federal budget deficit whereby we flood China with extra dollars to buy our massive debt and the need to turn our mixed economy into a laissez faire market to take the advantage away from big connected business.
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[...] it meant to drum up fears in the hearts of our countrymen so that we can, as Scott Horton says, “Wage our own jihad against the brown people of South Asia?” It does appear to be such things have happened and are continuing to [...]