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Mike Church

Official Talk Show Host News, History & Opinion For The Liberty-MindedHeard Daily on SiriusXM's Patriot ch 125, 6-9 am

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Wednesday, October 17th, 2012

David Stockman Speech-The End of Sound Money and the Triumph of Crony Capitalism

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The End of Sound Money and the Triumph of Crony Capitalism Monday, March 14, 2011 by David Stockman Mandeville, LA - The text of this speech is excerpted from The 2011 Henry Hazlitt Memorial Lecture, given on March 12 at the Austrian Scholar's Conference in Auburn, AL -The original text and audio versions are here The triumph of crony capitalism occurred on October 3rd, 2008. The event was the enactment of TARP — the single greatest economic-policy abomination since the 193….Continue

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What Dryden said was this, "Great wits are oft to madness near allied"; and that is true. It is the pure promptitude of the intellect that is in peril of a breakdown. Also people might remember of what sort of man Dryden was talking. He was not talking of any unworldly visionary like Vaughan or George Herbert. He was talking of a cynical man of the world, a sceptic, a diplomatist, a great practical politician. Such men are indeed to madness near allied. Their incessant calculation of their own brains and other people's brains is a dangerous trade. It is always perilous to the mind to reckon up the mind. A flippant person has asked why we say, "As mad as a hatter." A more flippant person might answer that a hatter is mad because he has to measure the human head. - G.K. Chesterton, Orthodoxy

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