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U.S. Sinking in Fiscal Swamp, Gilder Says

A NewsMax interview with Discovery Sr. Fellow George Gilder has the free market advocate assailing the Obama Administration for sinking the U.S. economy in a "fiscal swamp".

GeorgeGilder.jpg"Gilder doesn't approve of the Fed's near-zero interest rate policy. 'Zero interest rates, like free anything, mean that only the politically privileged get access,' 'Gilder explains.

"So the Fed is fighting against capitalism by channeling savings to the government. We have an infinite loop of money going to the government.' And that's very destructive for the economy, he notes.

"'Entrepreneurial creativity and innovation is the only force for transformation and growth in the world economy," Gilder says."

You can email brucechapman@discovery.org

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