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Free market capitalism has been dead in the U.S. for a long time now. Too Big to Fail and massive QE injections were really the start. And now we are seeing the same things resurface. Massive injections into the repo markets and rumors of another "official" easing program soon to come. Exact opposite of free market capitalism.
It is welfare for corporate America and Wall Street on the back of the taxpayers.
Free market capitalism has been dead in the U.S. for a long time now. Too Big to Fail and massive QE injections were really the start. And now we are seeing the same things resurface. Massive injections into the repo markets and rumors of another "official" easing program soon to come. Exact opposite of free market capitalism.
It is welfare for corporate America and Wall Street on the back of the taxpayers.
Free Market Capitalism was declared illegal in the US in 1890.
Free market capitalism has been dead in the U.S. for a long time now. Too Big to Fail and massive QE injections were really the start. And now we are seeing the same things resurface. Massive injections into the repo markets and rumors of another "official" easing program soon to come. Exact opposite of free market capitalism.
It is welfare for corporate America and Wall Street on the back of the taxpayers.
QE's and repos do not directly involve we the tax payers. Unless you consider our money as a public utility. Then I would agree to some extent. But someone/thing has to manage our money.
On the macro and micro scales, it fails. There's a long list of failed states, failed communes.
Well, the link is to "The Guardian" and that says a lot about the content. The first thing that greeted me when I clicked on the link was a giant ad about the "Climate Crisis" that I had to accept to get access to read the linked article. No thanks.
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