The American economy has been mangled by decades of statist assault on capitalist prosperity. Growth is dying because the Fed has induced corporate America to strip-mine its balance sheets and cash flows to feed the maws of Wall Street. Trillions of cash have been shunted into financial engineering (stock buybacks, M&A deals and leveraged recaps) to the neglect of real investment and productivity.
Petulance And Pipe Dreams On The Potomac
