8.22.2009

Larry Flynt on the Wall Street takeover of government

Over at the Huffington Post, Larry Flynt quotes Jefferson, FDR and David Rockefeller in continuing the theme of the Wall Street takeover of government, and calls for a national strike:
The real war is not between the left and the right. It is between the average American and the ruling class. If we come together on this single issue, everything else will resolve itself. It's time we took back our government from those who would make us their slaves.

Flynt has the diagnosis right, but his prescription is naive. Flynt calls for "real campaign-finance reform and strong restrictions on lobbying," akin to requiring regular trimming of pet tiger claws (how's that McCain-Feingold working for ya?). The only way to limit the ability of banks and mega-corporations to run the government for their own interests is to severely limit the powers of that government to hand out largess, which is exactly what our Founding Fathers tried to do all those years ago with a little thing called the Constitution.

No comments:

QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...