From CounterPunch via Zerohedge
By James C Kennedy
''Beginning sometime around 1970 the U.S. and most of the ‘free
world’ have diverged from traditional “free market capitalism” to
something different. Today the U.S. and much of the world’s
economies are operating under what I call Monetary Fascism: a system
where financial interests control the State for the advancement of the
financial class. This is markedly different from
traditional Fascism: a system where State and industry work together for
the advancement of the State.
Monetary Fascism was created and propagated through the Chicago
School of Economics. Milton Friedman’s collective works constitute the
foundation of Monetary Fascism. Knowing that the term ’Fascism’ was
universally unpopular; Friedman and the Chicago School of Economics
masquerade these works as ‘Capitalism’ and ’Free Market’ economics.''
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