Paul is the only one who is right about the Fed, and the Fed is
the heart of the problem. They have destroyed the capital markets
and the money markets; interest rates mean nothing; everything is
trading off the Fed and Wall Street isn't even home as it's
now a bunch of computers trading word-clouds emitted by this central
banker and that"
Fed (and the lunatics that run it) are telling the whole world untruths
about the cost of money and the price of risk."
Congressman David A. Stockman was Reagan's OMB director, which he
wrote about in his best-selling book, The
Triumph of Politics. He was an original partner in the Blackstone
Group, and reads LRC the first thing every morning.