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| Permalink View Article Stats Jared Bernstein: The Shampoo Economy Quicklink submitted by Kathlyn Stone (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| Our system of borrowing, lending, and financing investments by both businesses and households is a national treasure, one which we have squandered in recent years. Excessive deregulation has thwarted the transparency that is integral to creating appropriate price signals. Risk has been consistently underpriced, contributing to bad underwriting, negligent risk management, and deeply damaging bubbles. |
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