Welcome to the Global Recession

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Thanks to the Federal Reserve and its partners in crime. Ambrose Evans-Pritchard from London on what what’s ahead, and why Ben Bernanke’s paleo-Keynesianism won’t work, but may radically transform capitalism for the worse nevertheless. Without Ron Paul sending him back to his former career of teaching statism to college students, that is. (Thanks to Robert Hiett.)

11:45 am on December 14, 2007