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A Crisis Was Ordered Long Ago

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April 21, 2025
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The ruling classes and their media blamed the 2008 financial crisis on free markets and too little government regulation. However, because the Federal Reserve promised to help cover losses in financial markets, it practically invited reckless behavior.

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New Book Excerpt: False Dawn, The New Deal and the Promise of Recovery, 1933–1947, by Cato’s George Selgin

New Book Excerpt: False Dawn, The New Deal and the Promise of Recovery, 1933–1947, by Cato's George Selgin

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