DIGG THIS In their attempts to halt credit deflation, the government and the Fed are unleashing a torrent of corruption, inefficiency, misuse of funds, and fraud. If a bank is too big to fail and the government and/or the Fed make sure that it survives, despite the past mis-behaviors of its officers, then they invite those officers to misuse the funds that they infuse. Any transfer of money (or funds) from stockholders and lenders to corporate officials is accompanied by methods of controlling the behavior of those officials. Transfers of money from taxpayers to governments also necessitate methods of control. … Continue reading A Torrent of Corruption, Inefficiency, and Fraud