Since the end of the 1970s, free-market capitalism has been in, and socialism has been out.

During the Greenspan-Bernanke era, the Fed has embraced the view that stability in the economy and stability in prices are mutually consistent. As long as inflation remains at or below its target level, the Fed's modus operandi is to panic at the sight of real or perceived economic trouble and provide emergency relief.

It turns out that the rich are much better placed to feed at the public trough. The poor get crumbs.

Steve Hanke Quotes