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Norbert Bufka

Author  ·  Historian  ·  Bufka Books

Blog posts : "glasssteagal act"

Free markets need regulation

One of the realities of a capitalist economy is the cycle of boom and bust, said more academically, prosperity and depression. The cycle became so serious  in the long decade of the 1930’s and the Great Depression that Congress passed the Glass-Stegal Act in1938 which kep  the investment, insurance,…

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