The Humpty Dumpty Economy

by Peter Schiff November 16, 2008 Before the current economic crisis became apparent to all, the most popular fable used to describe America's uncanny economic resiliency was the story of Goldilocks. It was argued that our economy was skipping down a sunny path of moderate growth, low inflation and rising asset prices. However, a much better parable for our economy over the last decade would have been the story of Humpty Dumpty: a bloated, fragile shell perched on the top of a dangerously hig

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