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Steven Horwitz – Causes and Cures of the Great Recession

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Via the Institute of Economic Affairs, a paper from Steven Horwitz on the causes and cures of the great recession: For many, the Great Recession and the boom that preceded it are evidence of the failure of the supposed deregulation of financial markets in the last decade and therefore constitute an indictment of capitalism more broadly. However, a closer look at both monetary policy and the effects of other government interventions on the financial system tells a very different story. […]

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