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Inflation is the most insidious form of governmental policy
Should the repeal of Glass-Steagall be faulted for the sub-prime crisis? According to the Consumerist: probably yes.
I say, definitely no. The blame for subprime should be firmly placed in Bernanke’s, Greenspan’s, and Congress’ collective laps. The poor policy decisions prompting the creation of pseudo-capital, created an incentive system that heavily rewarded short-term thinking over long-term […]
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