My book, The Scandal of Money: Why Wall Street Recovers But the Economy Never Does, launches today:
The Fed creates money for the government and for the Fortune 500 corporations and nobody else gets it. . . this has starved Main Street — turned Main Street into Mean Street; it’s kind of gelded Silicon Valley made them into petitioners in Washington and it has turned Wall Street into a kind of servant of Washington; Wall Street has been effectively nationalized by the Obama administration. So we have covert socialist coup in America accomplished through the Federal Reserve and this has to be reversed.
I appeared recently on a podcast for the Conservative Book Club to talk about the book. You can listen below:
George Gilder is a bestselling writer and author of, most recently, The Scandal of Money: Why Wall Street Recovers But the Economy Never Does.