EPISODE · Mar 25, 2008 · 7 MIN
The rescue of Bear Stearns marks liberalisation's limit
from FT Martin Wolf
For three decades we have moved towards market-driven financial systems. By its decision to rescue Bear Stearns, the Federal Reserve, the institution responsible for monetary policy in the US, chief protagonist of free-market capitalism, declared this era over. Hosted on Acast. See acast.com/privacy for more information.
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