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The Current Economic Predicament: Lessons from the 1970s

Our free markets are hardly free. The rampage of greed brought about by misguided federal tax and stimulus policy can only be undone, as the article states, by conservative and recessionary, if not deflationary, fiscal policy. However, with the federal government in an election cycle and dead set on easing the pain of realistic decisions despite the cost in deficits and to the currency, we can only expect the downward spiral to continue until it comes crashing down on itself.