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Financial Reality posted an article with a quote from Economic Cures Are Like Booze for an Alcoholic: Caroline Baum

The Baum commentary addresses a number of financial and economic issues in a very readable article. She points a finger at several guilty parties. She explains the current mess and how we got here. It sheds some light on the problems and addresses the only viable solutions – stop spending, stop expanding credit. The “fix” is long, drawn-out and painful. Until the government get’s that and takes the appropriate measures, things will continue to get worse, not better.

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