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How Wall Street is Crushing Main Street

The conservative assertion that government spending “crowds out” private investment has been ascendant since Ronald Reagan’s claim that “government is not the solution to our problem; government is the problem.” The idea is that the government is so big that it discourages private investors from competing in the marketplace.

Today, we face the reverse condition: the casino market that dominates the finance sector is crowding out important public investments.

via How Wall Street is crushing Main Street – The Week.

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