Home » Hot off the Press » What the Bear Stearns Bailout Has Wrought
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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