``Stockman wastes no time in landing his first polemical punch: On the first page, he observes that the US `Fiscal Cliff', around which there was such high political drama late last year, is both "permanent and insoluble," and that the chronic US deficit and debt problem is "the result of capture of the state, especially its central bank, the Federal Reserve, by crony capitalist forces deeply inimical to free markets and democracy." ''

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