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Portuguese Bail-out is the Beginning of the End of Big Government

Can you hear that great sucking sound? It’s the sound of government shrinking around the world, as Portugal just joined Greece, Ireland and soon many others in acknowledging they are bankrupt and...

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Why Bankers Want a Taxpayer Bail-out of the Municipal Bond Market

On May 5, 2009, I testified in front of Barney Frank’s Financial Services Committee that if Congress provided a guarantee of municipal bonds, the United States of America would lose its’ AAA credit...

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