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Economy - Economics USA

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Ron Smith for LewRockwell.com

It provides welfare for the mega-rich from the ordinary taxpayer. ...the little people – didn't understand it and were too stupid to applaud forking over hundreds of billions of dollars to their betters in just the manner being prescribed.

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Joseph T. Salerno for LewRockwell.com

These seven works taken together represent the first integration and systematic elaboration of the Austrian theories of money, capital, business cycles, and comparative monetary institutions, which constitute the essential core of Austrian macroecono

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NY Times

Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according to government officials.

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Forbes

American International Group has blown through the $85.0 billion it borrowed from the United States government last month and is getting an additional $37.8 billion line of credit from the Fed as it seeks to shrink itself into profitability.

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UPI

WASHINGTON, Oct. 8 (UPI) -- This is more than a global financial meltdown: Other major nations around the world this week are following U.S. President George W. Bush's lead in effectively dismantling the very structures of free-market capitalism.

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Market-Ticker.denninger.net

In The Depression millions of automobiles will be scrapped after being abandoned by their owners for lack of insurance and registration fee money. Cheap scooters will become the dominant form of transportation for those with jobs, as they will be al

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FreedomsPhoenix

Every day for over 3 years FreedomsPhoenix has covered the economy. Over 2300 of the the most informative headlines are available for your crash course to understand exactly what happened and why. So you can make informed decisions.

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Washington Post

Americans' retirement plans have lost as much as $2 trillion in the past 15 months - about 20% of their value - Congress' top budget analyst estimated as lawmakers began investigating how turmoil in the financial industry is whittling away wo

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Bloomberg.com

The S&P 500 slid 60.66 points, or 5.7 percent, to 996.23, extending its 2008 tumble to 32 percent in the market's worst yearly slump since 1937. The Dow Jones Industrial Average dropped 508.39, or 5.1 percent, to 9,447.11, giving it a 29 percent

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Bloomberg.com

The S&P 500 slid 60.66 points, or 5.7 percent, to 996.23, extending its 2008 tumble to 32 percent in the market's worst yearly slump since 1937. The Dow Jones Industrial Average dropped 508.39, or 5.1 percent, to 9,447.11, giving it a 29 percent

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