An MMT site bringing you dogma-free economics without the pleadings of self interest
This moron starts here: "Bain Capital is a product of the Great Deformation. It has garnered fabulous winnings through leveraged speculation in financial markets that have been perverted and deformed by decades of money printing and Wall Street coddling by the Fed. "But then the story goes uphill from there imo.... Stockman is out of paradigm, but looks like he knows the scam pretty well... rsp,
I don't know about his being wrong about the Fed being on the dark side wrt a lot of this. After all, it's supposed to be the chief regulator and also provides liquidity to the financial sector that enables high leverage speculation, with an implicit guarantee, now made explicit.
Yeah, it's pretty much the first thing I ever heard out of this guy's mouth that makes sense. Remember this?
Stockman's detailed listing of Bain (Romney) rip-off scams is interesting and should represent an effective ad for his forth-coming book ( but, a bit late for the forth-coming election).
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