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What we now know was one of the worst post-World War II economic and financial crises began about ten years ago in 2007. Various retrospective commentaries have focused on the severity of the economic downturn, its impact on different markets and segments of the population, and the lessons from it. An especially important lesson to be learned is that this was a crisis caused by government policy, and not something inherent in a free market economy.
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The recession has its origin in years of monetary mismanagement and misguided interventionist policies emanating from the Federal Reserve System and Washington, D.C.
Monetary Expansion
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