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Wednesday, July 8, 2020

Bailout Nation: Moral Hazard and Low Economic Growth

Bailouts are the name of the game right now. It seems like everybody is in line for a bailout. Airlines. Movie theaters. Small businesses. Hospitals. Not to mention the fact that the Federal Reserve has resorted to directly buying corporate debt. Conventional wisdom tells us this is necessary. After all, the government shutdown put tremendous […]

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