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Great essay Arthur. But, Bailout Ben was Monetarist, not a Keynesian. Ditto Greenspan the Put-master. Plus, Ben, like most of the financial regulators work for the banks, not the government. The Fed is not much more governmental than Federal Express. But they do have lots of Congress Members on full time mutual retainer. Crypto is just another game of phantom wealth creation, disguised as lovable outlaws. Note: https://medium.com/@daneke/when-the-wank-became-swank-money-banking-and-the-evolution-of-the-all-debt-economy-22e334f8ee3e

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Greg Daneke, Emeritus Prof.
Greg Daneke, Emeritus Prof.

Written by Greg Daneke, Emeritus Prof.

Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.

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