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Why Do Some Countries Have It So Bad?

Why Do Some Countries Have It So Bad?

Open a newspaper today and you’ll be bombarded with a panoply of terrible news. Ebola is ravaging West Africa, with a projected 10,000 new cases per week and the possibility for 1.4 million people infected in Sierra Leone and Liberia alone. Two decades ago, those same countries were embroiled in one of the most horrific civil wars in modern history. A few thousand miles away, a possible genocide in the Central African Republic has been unfolding – largely unnoticed –…

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Did the Poor Cause the Financial Crisis?

Did the Poor Cause the Financial Crisis?

“There are two things that matter in politics. The first is money. I can’t remember the second.” – Mark Hanna In December, a group calling itself the Republican Commissioners on the Financial Crisis Inquiry released a report titled the “Financial Crisis Primer,” which provides an explanation for economic crisis.  According to the report’s authors, the big lenders, including the government, gave too many high-risk loans as part of a government-directed strategy to increase home ownership in the country.  Because the…

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