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Tuesday, April 1, 2008

The Shape of US Populism: A panic-stricken Federal Reserve by Henry C K Liu

THE SHAPE OF US POPULISM Part 4: A panic-stricken
Federal Reserve
The recent moves by the US Federal Reserve, amid fears of an economic depression, to inject liquidity into the credit market and to bail out banks and brokerage houses are looking more like fixes for drug addicts in advanced stages of abuse. But for neo-liberal market fundamentalists, the fear is not of an economic depression, but the populism that may follow it. - Henry C K Liu

Part 1: A rich free-market legacy - for some

Part 2: Long-term effects of the Civil War

Part 3: The progressive era

http://www.atimes.com/atimes/Global_Economy/JD02Dj03.html

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