After decades of financialization and government favors, Wall Street now has little to do with free, functioning markets anymore and has largely become an adjunct of the central bank. Today, entrepreneurship is out, and bailouts are in.

Additional Resources

"Financialization: Why the Financial Sector Now Rules the Global Economy" by Ryan McMaken: Mises.org/RR_52_Article

"Monetary Policy and Inequality" Karl-Friedrich Israel: Mises.org/RR_52_Video

"Speaking Truth to Monetary Power" by Lew Rockwell: Mises.org/RR_52_Article2

Be sure to follow Radio Rothbard at Mises.org/RadioRothbard.