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Indeed Derek, that may be so. But our financial system is one huge Ponzi scheme, and will not long survive without all that socialism for the rich, bailouts. etc. Anarcho-capitalism always boils down the cry-baby capitalism each times the bubbles burst.

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Greg Daneke, Emeritus Prof.

Top Economics Writer. Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & accasional diatribes.