America at its Best

Public discourse, openness, mutual respect, intelligence, and sincerity. Nonetheless, something must be done. I doubt the free market will rush to the Chairman’s aid– regardless of his abiding faith in it. His simultaneous mission to preserve the monetary alchemy of the Federal Reserve Bank and his satisfaction at stopping cold a crashing free market are clear in his expressions. The big problem is the too-big-too-fail banks live off the public in a manner that does nothing to drive competition or enhance the welfare of the American people. The discourse of austerity does not enter the conversation. If it did, every Republican would jump and object in outrage. I think they both know this. One is waiting for his term to expire; the other is hasting to probe the boil.

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