Whenever I say that I don’t gamble with money, someone inevitably asks if I own a mutual fund. “Yes,” I admit, “but the government made me do it by dismantling the Glass-Steagall Act.” I can assure you, mention the Glass-Steagall Act and wiseacres zip it.
Now, as an historian I know only a bit about economics, but it seems to me that . . .
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