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Source link: http://blog.mises.org/8614/oddly-accurate/

Oddly accurate!

September 26, 2008 by

{ 2 comments }

Corey September 26, 2008 at 11:28 am

Oddly accurate with one exception: Bernanke and the Fed are not the government, but rather a private bank.

Michael A. Clem September 26, 2008 at 1:05 pm

Yes, the Fed is a “private bank”, but one with special monopoly privileges granted to it by the federal government. No bank would have such privileges in a free market. Furthermore, it is Congress and the President that are engaging in the bailout, not the Fed.

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