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Trillion-Dollar Spree Is Road to Ruin, Not Rally: Kevin Hassett

EconLog: Library of Economics and Liberty found this 1/12/2009 on bloomberg.com

Trillion-Dollar Spree Is Road to Ruin, Not Rally: Kevin Hassett Commentary by Kevin Hassett Jan. 12 (Bloomberg) -- We are in the midst of a crisis caused by so many financial institutions borrowing too much money. Somehow, a critical mass of policy makers now believes that the correct response ...