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: It's not that the market failed; it's that the rules under w...
It's not that the market failed; it's that the rules under which the system operated generated perverse outcomes that were translated through market mechanisms.
Peter Boettke
http://www.econtalk.org/archives/2009/11/boettke_on_elin.html
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(1 message)
(Added by
Merlin Jetton
on 11/30/2009, 8:03am)
Merlin Jetton
Member Number 596
2080 posts
Post 0
Monday, November 30, 2009 - 8:07am
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This is not about the financial crisis per se. However, I think the quote applies to it.
I recommend listening to the podcast or reading the summary at
the URL
.
(Edited by
Merlin Jetton
on 11/30, 8:17am)
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