A comment in reply to ICH at the Financial Times April 22, 2015

@ICH @StephenKMackSD

The FED is a creature of the Banks and Neo-Liberal politicians like President Obama and his precursors, who makes/made appointments to this institution! The myth that the Market can be self-regulating died in 2008, please confront that death, and discard your faith in Free Market Theology, because it is a belief not having anything to do with economic reality. Although you vigorously deny the existence of such, with this question that opens your comment:’What Free Market?’

See Nomi Prins web site for the particulars on All the President’s Bankers, a revelatory history of bankers, banking and politicians who made common cause over economic issues like the creation of FED :


Probably the Most Dangerous Man in the World, to borrow from your melodramatic assertion, was/is Marx, John Maynard Keynes, or more contemporaneously Yanis Varoufakis? Certainly not the much too careful Social Democrat Paul Krugman!

About stephenkmacksd

Rootless cosmopolitan,down at heels intellectual;would be writer. 'Polemic is a discourse of conflict, whose effect depends on a delicate balance between the requirements of truth and the enticements of anger, the duty to argue and the zest to inflame. Its rhetoric allows, even enforces, a certain figurative licence. Like epitaphs in Johnson’s adage, it is not under oath.' https://www.lrb.co.uk/v15/n20/perry-anderson/diary
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