We now have the unbelievable spectacle of the banker as the taxman—Volcker, the banker calling for a
VAT tax; Bernanke calling for a tax hike and the possibility of reductions in Medicare and Social Security.
At last, the pretense is gone. First these bankers, posing as national leaders with a mission to rein in inflation, steal the money from the treasury, debase the currency, game the debt, and, now, take the lead in asking for more.