Stan’s Obligatory Blog » 2010 » December » 20

12/20/2010

Holiday’s a comin’

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Lucinda
Stan

— stan @ 10:53 pm

Lucinda and Suzie and I are ready for the holidays now.

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- "Economic historians refer to a period of "financial repression," during which regulators and policymakers, reflecting public suspicion of Wall Street, restrained the growth of the banking sector. They placed limits on interest rates, prohibited deposit-taking institutions from issuing securities, and, by preventing financial institutions from merging with one another, kept most of them relatively small. During this period, major financial crises were conspicuously absent, while capital investment, productivity, and wages grew at rates that lifted tens of millions of working Americans into the middle class. "
  The New Yorker
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