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The Big Short: a good movie and a bad message

January 28, 2016 | by Sergio Alberich - “True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance...

The Big Short, the Fed, and the Market

January 27, 2016 | by Jeffrey Tucker - reprinted from Fee.org - The Big Short — based on Michael Lewis’s bestselling book on the 2008 financial crisis — is both great and terrible. It’s wonderful as a narrative of a financial mania. It’s terrible if seen as a complete treatment of...