Political/Government Corruption

Change you can’t believe in: The unintended consequences of bad government policies

By John Biver

As we noted last time, Republican Congressman Jim Saxton, the ranking member of the Joint Economic Committee (JEC), recently issued a report outlining the policy blunders that have led to the “inflated and unsustainable housing bubble” and the ensuing crash and financial crisis.

Continuing with our posting of the report’s highlights, the JEC summarized the macroeconomic policy factors that have contributed to the current worldwide financial problem. (Emphasis added.)

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