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Mike Church

Official Veritas Radio Network Talk Show Host News, History & Opinion For The Faith & Liberty-MindedHeard Daily on CRUSADE @ 8am CST

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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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[The powerful Executive branch]...converts representation into vassalage to the leaders of parties, disciplined, not by the comparatively honourable infliction of the lash, but by the base and wicked sophism, that it is honourable to stick to a party, and treacherous to adhere to conscience. The disciples of this infamous doctrine are forged into tools for ambition and tyranny by praises and rewards, whilst honesty is discouraged by base epithets, as a foil to the varnish with which the decoys are painted, designed to deceive and enslave the multitude

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