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  1. “the very rich have stayed very rich in what would otherwise be a dynamic and ever-changing economic free-for-all by securing government favors, enjoying state-granted monopolies, and using the US military as their private security guards.”
    “Businessmen or manufacturers can either be genuine free enterprisers or statists; they can either make their way on the free market or seek special government favors and privileges. They choose according to their individual preferences and values. But bankers are inherently inclined toward statism.
    mmercial bankers, engaged as they are in unsound fractional reserve credit, are, in the free market, always teetering on the edge of bankruptcy. Hence they are always reaching for government aid and bailout.

    “Investment bankers do much of their business underwriting government bonds, in the United States and abroad. Therefore, they have a vested interest in promoting deficits and in forcing taxpayers to redeem government debt. Both sets of bankers, then, tend to be tied in with government policy, and try to influence and control government actions in domestic and foreign affairs.”

    Rothbard’s account of the course of American foreign policy as the history of contention between the Morgan interests, the Rockefellers, and the various banking “families,” who dealt primarily in buying and selling government bonds, is fascinating stuff, and it illuminates a theme common to both left and right commentators: that the elites are manipulating the policy levers to ensure their own economic interests unto eternity. http://original.antiwar.com/justin/2011/07/14/the-banksters-and-american-foreign-policy/

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