USA Crony Capitalism

In spite of, or perhaps because of, the relentlessly bad policies of the USGovernment, people are allowed to criticize it accurately.  For example:

This transfer of wealth continues, by the way, in the form of relentlessly low interest rates, and an ongoing war by the Fed on safe and stable investment tools such as savings accounts and low-risk bonds. Indeed, this is a deliberate policy to get people away from these safer investments, and to get them investing in more volatile and higher yield investments. The idea is that the Fed can somehow force bigger returns on these riskier investments, and this will lead to a wealth effect. People will then think they’re richer, and we can then spend ourselves into a recovery. This is a terrible doctrine, but that’s what rules Washington right now. It actively works against middle-class people who want to work and save and invest their money responsibly and conservatively.

What happens is the extremely few people who read Stockman and the even fewer who act on what they learn become a sort of safety valve for the regime.  As we see what is happening, and arrange our affairs so as to not get nailed by the bad policy, we cease to object, since we are exempt.

It's brilliant.

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