“So, it is the worst of times and it is the best of times. It is the worst of times in terms of the expansion of federal administrative law. It is the best of times in terms of the inability of central governments to impose their plans on their populations apart from a vast expansion of the money supply, which is going to lead to the undermining of the welfare state and the destruction of federal legitimacy in the eyes of the people.  It is more of a train wreck than it is a tipping point. It is more of a collision between assertions on paper in Washington versus the expansion of monetary digits, which is also taking place in Washington.”

http://www.garynorth.com/public/10647.cfm

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