“How Washington Gifts the 1 Percent” by David Stockton, The Daily Beast

by  Apr 2, 2013 4:45 AM EDT

“Thanks to the Fed’s absurd monetary policy and widespread crony capitalism, the 1 percent has roared back from the recession. David Stockman on how the collapse of auto company Delphi epitomizes the rotten central bank policies that transfer vast windfalls to the richest Americans. An adaptation from his new book, The Great Deformation