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Megabanks are a creature of government, not of unbridled capitalism

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How could a free-marketeer want to break up the big banks? In part, because the megabanks are not the creatures of capitalism, but of government. Jim Pethokoukis at National Affairs has a great contribution to the libertarian populist oeuvre (can a populist use a French word?), on this subject. Writing on how FDIC insurance evolved from protecting depositors to protecting banks,...

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