It’s Sundown in America –

What is really happening is that Washington’s machinery of national governance is literally melting-down. It is the victim of 80 years of Keynesian error—much of it nurtured in the environs of Harvard Yard—- about the nature of the business cycle and the capacity of the state—especially its central banking branch— to ameliorate the alleged imperfections of free market capitalism.

As to the proof, we need look no further than last week’s unaccountable decision by the Fed to keep Wall Street on its monetary heroin addiction by continuing to purchase $85 billion per month of government and GSE debt.

via It’s Sundown in America –

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