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Old 08-22-2012, 10:12 PM
cullennewsom cullennewsom is offline
Grok this
 
Join Date: Oct 2007
Location: Texas
Posts: 232
Quote:
Originally Posted by MagnumPI View Post
Not sure. But some much more powerful guys got together and created the institutions they work for. Their motivations certainly seem to be consolidation and hegemony. Bernanke and Geithner types are selected for their ability to do what they're told. Take Greenspan, called himself a laissez-faire type, advocated the gold standard and whatever else, but went 180 degrees as Fed chair. So, what they call themselves offers little insight. I've heard the term "neo-feudalist" which seems fitting.
Those turds weren't Austrians either, nor were they particularly capitalist. Yeah, Greenspan, funny guy, preaches against fiat, prints fiat like a fiend.
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