In the following video recorded in the wake of the financial crisis, Morning Meeting host Dylan Ratigan explained that the Fed bought the Big Banks’ toxic loans for $14 trillion of the American people’s money, an enormous debt that will have to be paid back in the form of inflation and/or taxes. Furthermore, he noted, the Fed stubbornly refused to reveal exactly what they paid for.

Ratigan highlighted two important points: 1) The Fed not only enables massive malinvestment that yields asset bubbles that ultimately pop …