View Full Version : "Capitalism Is An Alternative For What We Have Now"

03-08-2012, 12:58 PM
Jim Grant is simply brilliant in this must watch interview (http://video.cnbc.com/gallery/?video=3000077329#eyJ2aWQiOiIzMDAwMDc3MzI5IiwiZW5jVmlkIjoiY1NPZ00veGFNWTFuMHpWckdUVHdzdz09IiwidlRhYiI6InRyYW5zY3JpcHQiLCJ2UGFnZSI6MSwiZ05hdiI6WyLCoExhdGVzdCBWaWRlbyJdLCJnU2VjdCI6IkFMTCIsImdQYWdlIjoiMS IsInN5bSI6IiIsInNlYXJjaCI6IiJ9)with CNBC's Maria Bartiromo, which we won't spoil with commentary, suffice to provide the following pearl of an exchange:

Maria Bartiromo: "What are the alternatives?"

Jim Grant: "Capitalism is an alternative for what we have now. I highly recommend it."

Maria: "We all do."

Grant: "No we don't."

Maria: "The Federal Reserve may not."

Grant: "We ought to be discussing an intelligent move to a sound currency by which i mean a currency that is based on a standard and not at the whim and the discretion of a bunch of mandarins sitting around Washington D.C."

Watch the video interview at link........