Saturday, October 18, 2008

How Free Should a Free Market Be?

The New York Times, October 4, 2008

Is this the end of hypercapitalism? For nearly a generation, the United States has driven growth by deregulating markets, lowering tax rates and promoting trade. Across wide swaths of the economy — from airlines to banks to energy to telecommunications — Washington stood aside, believing less regulation would produce broad prosperity, even at the cost of greater income inequality...

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