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Deregulation and low tax rates created an outsized financial services industry that fueled a housing bubble which then burst and had to be bailed out by the sta
by the_why_of_y 9y ago
Deregulation and low tax rates created an outsized financial services industry that fueled a housing bubble which then burst and had to be bailed out by the state, quadrupling the public debt.
http://crookedtimber.org/2010/11/09/cultures-of-impunity/ http://crookedtimber.org/2010/11/09/cultures-of-impunity/