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Booms and Busts
Crashes are fast, like that first hill on a coaster. Recoveries are not, for the simple reason that production is more difficult than destruction.
The Fed is, in effect, a lawless economic government unto itself. It is the lender of first resort, a kind of reverse pawnshop that pays top dollar for rapidly declining assets.
Bureaucracy and Regulation
Government anti-trust policy often results in destroying cost-saving measures adopted by larger firms, thus driving up prices for ordinary consumers.
How many people peak after 60?
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