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Politics | Entries: 375 | Views: 6164 | Modified: 2 weeks ago | | Add to My Feeds | Feed Offline - Links Disabled
To all who argued the financial world would’ve collapsed without the bailouts: The political world is collapsing now because of the bailouts — Emanuel Derman (@EmanuelDerman) June 25, 2016 The bigger picture of the early 21st century follows: Western nations experienced a massive blowout bubble of leverage, irrational exuberance, and Hayekian pseudo-money creation. Yet this […]

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