The money quote: ". . .the fed and these lunatics who are running it, and I use that word advisedly, are basically telling the whole world untruths about the cost of money, about the cost of risk, about how you allocate capital." In such a world, he rightly wonders, how can we hope to restore free market capitalism.
Friday, September 21, 2012
The Fed Is the Heart of the Problem
That is what David Stockman told CNBC last week. Have a look:
The money quote: ". . .the fed and these lunatics who are running it, and I use that word advisedly, are basically telling the whole world untruths about the cost of money, about the cost of risk, about how you allocate capital." In such a world, he rightly wonders, how can we hope to restore free market capitalism.
The money quote: ". . .the fed and these lunatics who are running it, and I use that word advisedly, are basically telling the whole world untruths about the cost of money, about the cost of risk, about how you allocate capital." In such a world, he rightly wonders, how can we hope to restore free market capitalism.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment