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Friday, March 27, 2009

What we should--and shouldn't--do

Yesterday I wrote that the United States should outlaw hedge funds, short selling and other tricks on Wall Street.

I think this fits with the many people who also think that throwing billions and trillions of taxpayer, government money--that we have to borrow, mind you--is a bad idea.

Google Mish Sedlock, for one and Paul Krugman, the Nobel Prize-winning economist as two of them.

Fiscally conservative Republicans and some Democrats, alike, are thinking too much is too much, period.

Mr. Krugman's article in The New York Times puts this very cooly and logically into perspective today. You shouldn't miss it.

Link to the column here:
http://www.nytimes.com/2009/03/27/opinion/27krugman.html?th&emc=th

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