Jim Grant Says Bernanke Is Imitating Former Soviet Union: "Needs To Get Out Of Central Planning Business, Return To The Gold Standard"

Sep 8, 2012 at 9:13 AM
DailyBail in economy, fed, federal reserve, federal reserve, gold, gold, gold standard, james grant, jim grant

https://twitter.com/saraeisenFX/status/240809331308777472

Sara Eisen comments on the Grant interview.

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We haven't seen this interview posted anywhere else in the alternative or mainstream financial media.  As always with Grant, phenomenal stuff.

James Grant with Tom Keene - Bloomberg, Aug. 29

Grant kills it as only he can, assigning homework to Krugman.

"To defend and protect the gold dollar, that's all that the Fed's original agreement contained."

"Fast forward several decades and the Fed is now in the business of steering, guiding, directing manipulating the economy, financial markets, the yield curve, interest rates, essentially central planning, doing what so singularly failed in the old Eastern bloc..."

 

Article originally appeared on The Daily Bail (http://dailybail.com/).