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Against Monopoly

defending the right to innovate

Monopoly corrupts. Absolute monopoly corrupts absolutely.





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Finally...

the idea that "too big to fail" is just too big is gaining traction, with recent comments from Alan Greenspan, Paul Volker, and Mervyn King. Simon Johnson over at The Baseline Scenario has a good summary.

Comments

That banks should not be too big to fail is a pleasant lesson for the new aristocracy to ponder over in the luxury of the trillion tuition fee the taxpayer has had the largesse to scrape together.

No worries. It shouldn't take more than two or three decades before the taxpayer can afford to fund another, similar lesson.

Is hyper-embezzlement a sufficient term for this egregious financial misappropriation?


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