Kapital has transitioned to the state (ref. AMA) Political Economix & Rational Expectations
What we have to realize is that ‘capital has transitioned to the state’[1]; through the bail-outs and bail-ins, QE’s & SLS’s, LTRO’s & EFSFs; TARPs & twists; capital has transitioned to the state; it has happened, it is ‘what it is’; de-facto (not de-jure); capital has crossed the great libertarian 'blood brain barrier' and it did it @ a ridiculously low price with the greatest irony of all, no central planning!