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The Fall of the Empire
The BBC has an article regarding Fannie Mae and Freddie Mac. While this article’s slant is ridiculous at best, it does paint a great picture of what happens when governments artificially create a market. The US government artificially created a market of lower (than commercial banks can offer) interest rate mortgages, artificially inflating the mortgage […]
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US Attempts crack down on oil speculators
The BBC News has a post regarding how Government Regulation will help keep oil prices down. It then goes on to describe how the US economy is “inextricably linked to the viability of its air transportation system.” That’s liberal speak for every US citizen needs (not wants) things delivered by air, including travelers and bananas. […]