Alan Grayson praises the rise of "stealth socialism"

Asked by interviewer David Dayen whether the financial system has become “safer” in the years since the financial collapse and subsequent government interventions like 2010′s Dodd-Frank bill, Grayson praised the Federal Reserve for its “unconventional” policies that have “put us back on a low-level track toward growth.”

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Asked about the Fed’s expanding balance sheet, the Florida Democrat said: “We’ve had a government takeover of the bond market. Stealth socialism’s been created. Government simply ends up owning more and more and more.”

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