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Market Fundamentalism

From dKosopedia

The absurd contention, championed by Economist Milton Friedman, that markets always work perfectly in the absence of any regulation, specifically in the absence of any measures to enforce competition. The foundation of most Republican economic policy for several decades, now thoroughly discredited by the crash of 2008, but known to be false on its face by everybody who understands economics and isn't intimidated by politics or bought and paid for.

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This page was last modified 01:19, 4 September 2009 by Edward Cherlin. Content is available under the terms of the GNU Free Documentation License.

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