Peter Schiff: Obama Doubles Down on The Fed

Got to love this:

Obama proposes to entrust the critical job of “systemic risk regulator” to the Federal Reserve, the very organization that has proven most adept at creating systemic risk. This is like making Keith Richards the head of the DEA.

The whole thing is worth a read.

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To break the principle of equal treatment under the law for charity’s sake inevitably opened the floodgates to arbitrariness. — F. A. Hayek

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