08

12/09

Why Constitution Matters in Financial Crisis

8:49 am by Mr. Wiseman. Filed under: Opinions

In the meantime, as equities become obliterated, private creditors will likely never again participate (absent massive incentives) in a market in which they have no faith in the rule of contracts, which serve as the foundation for any capitalist system.

Full Article: http://absolutideas.com/examining-the-legal-root-of-the-financial-crisis/