"We no longer have free market capitalism and we no longer have a democracy," David Stockman...

|By:, SA News Editor

"We no longer have free market capitalism and we no longer have a democracy," David Stockman says, replaced by a system of "crony capitalism" that benefits and even rigs the system in favor of banks. "The Fed is the great enabler" through its free money policies, which "generate results the market wouldn't otherwise provide for," he says.