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How Wall Street Became an Enemy of Free Markets

Radio Rothbard

Tags Big GovernmentU.S. EconomyWar and Foreign Policy

02/11/2021Ryan McMakenTho Bishop

After decades of financialization and government favors, Wall Street now has little to do with free, functioning markets anymore and has largely become an adjunct of the central bank. Today, entrepreneurship is out, and bailouts are in.

Additional Resources

"Financialization: Why the Financial Sector Now Rules the Global Economy" by Ryan McMaken: Mises.org/RR_52_Article

"Monetary Policy and Inequality" Karl-Friedrich Israel: Mises.org/RR_52_Video

"Speaking Truth to Monetary Power" by Lew Rockwell: Mises.org/RR_52_Article2

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Authors:

Contact Ryan McMaken

Ryan McMaken (@ryanmcmaken) is a senior editor at the Mises Institute. Send him your article submissions for the Mises Wire and The Austrian, but read article guidelines first. Ryan has degrees in economics and political science from the University of Colorado and was a housing economist for the State of Colorado. He is the author of Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.

Contact Tho Bishop

Tho is an assistant editor for the Mises Wire, and can assist with questions from the press. Prior to working for the Mises Institute, he served as Deputy Communications Director for the House Financial Services Committee. His articles have been featured in The Federalist, the Daily Caller, and Business Insider.

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