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France did fine between WWII and the late 80s with an almost fully nationalised banking sector.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Feb 19th, 2009 at 04:23:03 AM EST
[ Parent ]
But then again, France didn't have an entire major political party whose only domestic policy was re-introducing feudalism...

Whether the banking sector is nationalised or not is, I guess, in the long run secondary to whether the American body politic is purged of the oligarchs and their apparatchiks.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Feb 19th, 2009 at 10:31:45 AM EST
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