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Letters: Crashing the economy; Just plain sad

Letters: Crashing the economy; Just plain sad

Crashing the economy In response to Lee Caudle's letter (The Capital, April 16), which claims that Ayn Rand's free- market principles were the cause of the 2008 financial crisis: Nothing can be further from the truth. It was caused by government policies and practices. Let's start with the Federal Reserve. A free market does not need it, and America grew well without it until it was created in 1913. To borrow money in a free market, the interest rates are determined by matching the supply of money from savings to the demand for it for investment. To make money in a free market, banks must also charge an interest rate higher than the inflation rate. The Fed's policy of...

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