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Abstract

In the wake of the 2008 financial crisis, Mr. Paul Volker, former chairman of the Federal Reserve and a close advisor to President Obama, was asked about the administration’s plan to deal with the crisis. Volker said, “We are trying to save the system.” In light of this honest answer, we need to ask two questions: Can the system be saved as is? Does it deserve to be saved? The answer to both questions is “NO.” I do not believe that the free market system can be saved, unless it returns to its capitalist roots and becomes fair and socially responsible.

Keywords

Federal Reserve Hedge Fund Public Debt Sustainable Economic Growth True Mission 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Mohamed Rabie 2013

Authors and Affiliations

  • Mohamed Rabie

There are no affiliations available

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