Half a century ago, Illinois Senator Everett Dirksen is supposed to have summed up the Federal government’s profligate ways with the comment that “a billion here, a billion there, and pretty soon you’re talking real money.” These days it’s “a trillion here, trillion there.” Unfortunately, many don’t believe it’s real money any more. And they may be right, which might explain the eagerness in Congress to shovel some of it to failing enterprises such as the Big 3. How long before it’s “a quadrillion here, a quadrillion there?” At the rate we are going, it will be a lot sooner than another half century.
Featuring Mike German, Senior Policy Counsel, American Civil Liberties Union; Eileen Larence, Director of Homeland Security and Justice Issues, Government Accountability Office; Michael Price, Counsel, Liberty & National Security Program, Brennan Center for Justice; and Jim Harper, Director of Information Policy Studies, Cato Institute.
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The 2008-2009 financial crisis and Great Recession have vastly increased the power and scope of the Federal Reserve, and radically changed the financial landscape. This new ebook examines those changes and considers how the links between money, markets, and government may evolve in the future.