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Thursday, January 26, 2006

greenspan: statist bastard

Some libertarians have always been down on Greenspan, but I usually cut him some slack. After all, what exactly should he have done as Fed Chair? He couldn't unilaterally imposed a gold standard or a set up a free banking system on his own, now could he?

But the bottom line is that when he has a chance to act one way or another, he does indeed take the side of the State. Check it out, "ABC News: Greenspan Wants Banking Exemption Halted":
Federal Reserve Chairman Alan Greenspan is urging Congress to close a regulatory loophole that lets companies own a certain breed of banks, including a bank Wal-Mart Stores Inc. wants to operate in Utah
Wal-mart is trying to help the consumer and all you're concerned about is protecting the banking cartel? Screw you, Alan!


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