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Source link: http://blog.mises.org/8536/forget-halloween/

Forget Halloween

September 17, 2008 by

Just read the headlines on Bloomberg, among which “U.S. Stocks Plunge as Lending Freezes Up Following AIG Takeover.”

{ 1 comment }

Jeremy Wiebe September 17, 2008 at 11:55 pm

No matter how much money the Fed and the Treasury pour into wasteful financial enterprises (so far $900 billion and counting) the immutable laws of economics will continue to previal whether for good or ill. If only they had the foresight and reason to let bad buisness fail. America seems to be heading the way of Japan into a protracted phase of stagnancy.

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