The dawn of late fascism

posted by
October 17, 2011
Ludwig von Mises Institute
by Llewellyn H. Rockwell Jr.  
Posted in Commentary

"The downgrading of US debt this summer didn't have huge economic consequences, but the psychological ones were truly devastating for the national elites who have run this country for nearly a century. For a state that regards itself as infallible, it was a huge blow that market forces delivered against the government, and it is only one of thousands that have cut against the power elite in recent years." (10/17/11)  

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