The KGB Oracle Forums General Public Discussion (SPECIAL ACCESS) KGB Political Debate Central David Stockman on supply siders and tax cutters

Interesting read, but "The state-wreck originated in 1933, when Franklin D. Roosevelt opted for fiat money" is stretching it.

Fiat currency is better system than growth-stiffing deflatory gold standard. It also more prone to abuse via printing press, but similar was done since roman times with golden coins via adulteration.

"That Mr. Greenspan’s loose monetary policies didn’t set off inflation... "

It did set a number of bubbles, so whats the difference? Ether way, monetary policy and Reagan-style deficit spending (and unfunded tax cuts) are much closer to the "case" than anything Roosevelt done.