Vern McKinley's new book on 100 years of bailouts in the US is reviewed here, including this quotation from the book:
“the number of agencies deploying bailouts multiplied, the safety net became bigger and bigger, and the primary beneficiaries were soon concentrated among the largest of financial institutions, who came to rely on and demand this ready source of government backstopping…”
The word "fascism" never occurs in the review, but the smell is unmistakeable and Herbert Hoover would have recognized it.
