Investment-House Collusion Blunts Market Signals

Even occasional readers of these pages will be aware by now that American capitalism is suffering attack from giant investment-house magnates who would prefer to replace the invisible hand of free markets with the marshal’s baton of their own direction. Such replacement would destroy – and is destroying – the genius of the market and of capitalism generally, with disastrous effects for American and world commerce and the human lope toward the broad, sunlit uplands of ever-increasing happiness and prosperity.


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