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Treasury admits ‘intellectual failure’ behind credit crisis

Free-Market Analysis: In our humble opinion, the British Treasury’s definitive account of what went wrong with the economy in Britain (and the West) is not persuasive, at least not from a free-market point of view. From the point of view of free market thinkers, the financial crisis has to do with a financial system that guarantees these sorts of problems to a greater or lesser degree every decade or so.

thedailybell

Another great article by the daily bell :)

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Juli 2009
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