...and is sticking it to both the Democrats and the Republicans, whom he describes as the "two Free Lunch parties." His biggest voodoo pins, though, are saved for the "lunatics" at the Federal Reserve. A former OMB Director in the Reagan White House, David Stockman is looking for any presidential candidate who promises to "clean house at the Fed," starting with a pink slip for Fed Chair Ben Bernanke. By artificially suppressing interest rates, the Fed is "crushing savers" merely to "placate the little boys and girls [on Wall Street] who want a little more."
Stockman also has some good ideas about where to start on the federal deficit. A scintillating interview:
No comments:
Post a Comment