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Economic News, Data and Analysis

Stiglitz: No Futures in Terrorism

Stiglitz on the defunct terrorism futures marklet…

Terrorism: There’s No Futures in It
In its own peculiar way, the administration has once again recognized the limitations of markets — as it did with the airline bailouts, steel tariffs and agriculture subsidies. But once again, the lack of intellectual foundation or a firm grasp of economic principles — or the pursuit of other agendas — has led to a proposal that almost seems a mockery of itself.

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Filed under: Economics

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