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  • Francis Fukuyama has argued the crisis represents the end of Reaganism from the economic industry, which had been characterized by lighter regulation, pared-back regulators, minimizing taxation.
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  • Krugman does agree totally that it is “arguable is the fact monetary invention … pass on the brand new tits in order to loan providers international” and its inherent fragmentation away from financing has made article-ripple “cleanup” as a result of financial obligation renegotiation nearly impossible.

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