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Tuesday, July 27, 2010

Economic Planners Home in on Systemic Risk


“Americans might be counting on the day when home and retirement-fund values start to rise again, but anyone expecting to benefit from a future boom in prices should take note: Economic policymakers around the world are looking for ways to make sure that doesn’t happen, or at least not with such intensity that it risks the kind of bust that usually follows.” (Washington Post, Tuesday)

Anything short of freeing the economy of government regulations and guarantees is a pipedream.

FEE Timely Classic
“Black Swans, Butterflies, and the Economy” by Max Borders