Friday, January 25, 2008

Can Free Markets "Fix" The Bond Insurnace Crisis?

Some people are prone to theorize that we could all get along without the Federal Reserve System or even using private currency.

Tsk. Tsk.

Check out the free markets ... er, not at work.

In many circumstances, the rational response is to pull up your drawbridges. That's not so good, if the economy is supposed to maximize general welfare, is it?

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