History teaches that when government bureaucracies try to direct economies, stifled creativity, distorted markets and low economic growth are inevitable results. One of the easiest and most insidious ways for bureaucrats to control the U.S. economy is through the banks, directing who gets – and who can’t get – loans and other essential banking services. That’s happening today, and it ought to alarm and frighten all of us.
DOJ’s ‘Operation Choke Point’: An Attack on Market Economy, by William M. Isaac published by American Banker on March 21, 2014
March 22, 2014