Category: Currency Currents

The Free-Market System Couldn’t Care Less

From the very first hint at a government stimulus effort in the US, there were plenty voices in the opposition’s camp trying to point out the perversity of pumping money into an economy that was already awash with debt and over-leveraged. Then the argument of letting market forces play out as they may – bankruptcy, layoffs, price declines, whatever -- really took hold when the too-big-to-fail bailouts arose.

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