Mr Bailout - Antony Mueller - Mises Institute

Antony Mueller predicts the economic fiasco of 2008 back in September 2004.

"The key to the power of a central bank is maintaining the illusion that fiduciary money is wealth. It is a con game, and in this respect there can be few doubts that Alan Greenspan has been a master at this game. Under his rule, the arcane machinery of the central bank has turned into a fountain of cheap money, which has inundated the globe. This policy of repeated bailouts and the provision of unlimited funding for government expansion in the face of a decreasing savings rate and a shrinking productive sector is the way toward an economic Armageddon. By functioning as bailout agents central banks use the power to create money as a power to destroy."

Mr Bailout - Antony Mueller - Mises Institute