Economic Fascism and The Bailout Economy

It has been the Austrian School economists who have warned, decade after decade, that the increase in the Federal debt would eventually threaten the solvency of the government and the stability of the dollar.

Now that this is visibly coming true, we still do not hear from professional economists cries of warning regarding trillion-dollar annual Federal deficits. They say nothing, except when they say it is a good idea, because it is necessary, because we have got to save the banks, because we have got to regulate the economy, and, most of all, because the unhampered free market system really does not work. This is what we are getting from people who have generally been known as free market economists. They are lining up as cheerleaders as the banks go to the Federal trough.