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Ruchir Sharma: The unstoppable rise of government rescues
A maximalist culture of bailouts and state support is bloating and thereby destabilising the global financial system. As bank runs spread, it has become clear that anyone who questions a government rescue for those caught underfoot will be tarred as a latter-day liquidationist, like those who advised Herbert Hoover to let businesses fail after
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Posted: March 26, 2023 Sunday 08:00 AM