Up with Chris Hayes 1/22/2012 -- the Fed

On Up with Chris Hayes, the panel talked about the primary results, then about the state of the Republican Party and so forth, but then there was a short conversation about the Fed. David Stockman was on the show and he basically agrees with Ron Paul that the Fed has protected the Big Corporations from failure while hurting the average American.

Hayes can't accept this version of the Fed because it would shutter his world view, and it would mean that running large deficits would come to an end, if the Fed is reformed or eliminated. Progressives prove over and over that they care more about maintaining power, tribal allegiance and control over the economy than what's actually beneficial for the middle class and the poor. Hayes is a smart guy, and one day I believe he will change some of what's ingrained in him now regarding Leftist ideology. Haye's show serves to show just how blind and small-minded progressives have come in their closed world of anti-capitalism and Rightwing bashing.