It’s just one Financial Times piece (registration required) but the Fed’s bailout of Bear Stearns was a shot in the arm to those who want to reverse the market liberalization of the 1980s and ’90s. The “dream of global capitalism has died”, they say, and in its place will be a new era of re-regulation, government gaming of markets, and crony faux-capitalism. Bah.
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That’s right, the Grinch (Joe Biden) is coming for your pocketbooks this Christmas season with record inflation. Just to recap, here is a list of items that have gone up during his reign.
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