#178 – Michael Malice and Yaron Brook: Ayn Rand, Human Nature, and Anarchy
Lex Fridman Podcast
The Fed's power base and the role of elites in bailouts
The Fed's actions during the 2008 financial crisis and COVID-19 pandemic were about securing power, not bailing out elites. They would support any group that helped them maintain power, whether it was Wall Street or restaurant owners. Getting in good with the elites is a strategy for maintaining power.
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