As a great man said to me this morning, the pleasure in being proven right intellectually does not make up for the damage done by central banking and its advocates and beneficiaries. Still, it is nice to see a unit of the Bush crime family’s merchant of death firm going down, through crazed leverage in phony securities, all generated by the Fed’s artificial boom. (Thanks to Charles Everett.)

The Best of Llewellyn H. Rockwell, Jr.