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Tuesday, April 30, 2013

Fed Is 'Wrecking Our Free Enterprise System'

Federal Reserve Chairman Ben Bernanke and his allies at the central bank haven’t merely embarked on a misguided policy — they’re a threat to U.S.-style capitalism, says former White House Budget Director David Stockman.

The Fed now determines the level of short-, medium- and long-term interest rates, he told Newsmax TV in an exclusive interview. “It’s all rigged. This is administered price-setting by 12 people who are not even elected.”

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