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Norman: I suggest you read Frédéric Bastiat's essay, "What Is Seen and What Is Not Seen".
Mar 18 12:10 pm
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All Comments by User 165251 »Jim Rogers on the Bear Stearns Bailout [View article]
We see, in plain view, the Fed riding to the rescue and (for now) preventing "multiple bank failures"; but the consequences of this policy are not quite so transparent.