... putting the Federal Reserve in charge as super-regulator is the path that leads to the corporate state. A limited circle of privileged players would enjoy a permanent line of credit from Washington, while their competitors in business and finance would struggle at great disadvantage. This top-down economy would combine the worst qualities of both socialism and capitalism.
More Easy Money for Wall Street
By William Greider
December 9, 2009 | The Nation
URL: http://www.thenation.com/doc/20091221/greider
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