$50 Billion Fundamentalist Free Fall
…as replaced by a blind faith in the US economy’s ability to grow without limit. It traded on the reckless language of infinity, and of faith. As I have emphasized in a number of columns over the past four months, the capitalist system hinges on the future and the long view, and it relies entirely on trust. We now live in an environment where it has become painfully clear that banks do not even trust other banks to tell them the truth about their r…
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