He is insane. But probably speaks for many on the left
It isn't only leftists who've noticed finance capitalism has run its course. Paul Craig Roberts was a member of Reagan's Administration, and he's clear on how neoliberalism's helicopter money falls only on Wall Street:
"JULY 23, 2020
Let the Banks Go Under and Put Money Into the Real Economy
by
MICHAEL HUDSON – ELLEN BROWN"
"You mentioned Paul Craig Roberts before, former Undersecretary of the Treasury for International Affairs.
"He told me that what the Federal Reserve is doing these days is manipulating the forward market.
"It will go into Wall Street and it will say, 'We promise to buy the Dow Jones average at 50 points higher than it is today, next week.'
"Well, once it makes a promise to buy, the speculators will see that and they will begin to bid up the prices to what the Federal Reserve promises to pay for the stocks. It can keep doing that, week after week and month after month and it can keep pushing up the stock market.
"That’s how it pushes up the bond market by promising to buy bonds at a higher and higher price.
"That means that an existing bond will yield less interest income.
"They can just continue to inflate the economy with credit, like a Ponzi scheme."