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View Diary: Panic among the libertarian economists: Success with the stimulus will prove their theories wrong (57 comments)

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  •  You like the cycles we've been put through? (4+ / 0-)

    To me, the wrenching booms and busts of capitalism are the very definition of its failure.  2008 is a rerun of 1929 - not to mention 1837, 1857, 1873, 1893, and 1907.  The moral hazard of our system builds excessive debt, which ultimately the worker cannot pay, since real tangible wealth can be made only so fast.  This boom is followed by a bust, in which, heretofore poor folks have been forced to bailout rich folks.  I'd like to see a change to all that.

    How about we start with killing the TARP monster?

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