“Devilstower” has a fantastically complete and detailed explanation of how three of the largest events/scandals to undermine the U.S. economy in the last 25 years have had the involvement of persons like, oh, John McCain, his financial adviser Phil Gramm, and Fed Chairman Alan Greenspan:
Alan Greespan is often lauded, even by people skeptical of conservative administrations, as a champion who tried real hard, darn it. I’d known his policies helped accelerate the corporate owned government but I didn’t know to what extent–nor when it all began! I didn’t realize until I started to do some research that Greenspan was appointed by Reagan and was involved in the development of “trickle-down” Reaganomics which sought to tear down New Deal regulations and oversight and increase the flow of wealth toward the top of the social pyramid.
He was also the Fed Chairman under Clinton–but then, he had little to do with the Clinton admin’s balanced budgets and federal surplus. What he was involved with was the continued encouragement of government by the CEOs, (supported by Clinton as well, lest people forget that while he was a social progressive, Clinton was still a corporatist).
Here was the biggest kicker for me: Greenspan was a dyed-in-the-wool Objectivist and even a close friend of Objectivism’s matriarch, Ayn Rand, and a member of her “inner circle”. (Objectivists are anarcho-libertarians; I learned about them back when I was learning about libertarianism. They believe in no government (or at least no government involvement in economics) with a focus on selfishness and self-gratification (in an economic/business sense). They believe people are inherently self-serving and altruism is a “sin” which perverts the operations of a completely free market. This is in stark contrast to anarcho-socialists (like me) who believe in no government but with a focus on collectivism, altruism, trade and labor unions.)
To put someone like this in charge of the Fed is like putting a wolf in charge of the management of the hen house, or an atheist as a church’s preacher. Or a faith healer as Surgeon general.
Is it any wonder….