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Friday, April 1, 2011

RE JAMES GRANT before congress

Great stuff:

http://www.realecontv.com/videos/central-banks/how-the-fed-is-destroying-the-us-economy.html

My views diverge from Grant's, but he is right about one or two things. 


He calls the Federal Reserve central planning for the banking industry. That may be partially true, but it has been highly hobbled and fragmentary planning, at best,  even for that abusive sector.


Securities laws, also fragmentary planning from the first.


Corporations, weakly regulated, fragmentarily (federal and states' anti-trust laws), by the several states primarily, by the IRS tax laws, intellectual property laws, and private 'remedies'.

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