Via The Cobden Centre, Sean Corrigan reflects on the year from an economic perspective:

So, here we are, drawing to the close of another year and still we struggle with the legacy of the last Boom, still we search around for macro economic Tooth-Fairy, ‘liquidity’ solutions to the problems caused by our earlier misallocations of capital instead of facing the fact that insolvent entities need to be liquidated and their assets put to work by people who’ve shown they can run their businesses successfully without a government crutch!

I recommend reading the whole article.

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