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JIMSTER

If you want to go fast, go alone. If you want to far, go together.
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Articles Posted: 6; Links Seeded: 172
Member Since: 1/2006

Partying Like It's 1929

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If Ben Bernanke manages to save the financial system from collapse, he will — rightly — be praised for his heroic efforts.

But what we should be asking is: How did we get here?

Why does the financial system need salvation?

Why do mild-mannered economists have to become superheroes?

An interesting overview of 1929-31 banking issues, where we find ourselves today and how to avoid it in the future.

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{"commentId":1608454,"authorDomain":"JStranahan"}

Proponents of deregulation have dangerously short memories. Regulations were put in place to keep the economy stable, not merely for punishment or "nanny state" motives as some believe.

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  • 1 vote
Reply#1 - Sat Mar 22, 2008 1:03 PM EDT
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