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It took until late last year to undo the damage that Congress wreaked on the banking system in the 1930s.

 

The father of the Pure Food and Drug Act was as hard on his allies as he was on his foes.

 

Had the state-granted cartel held up, our history would have been unimaginably different.

In the early 1970s, when Wall Street was going through a particularly bad time, it actually cost more money to buy a taxi medallion—a license to own and operate a taxicab in New York City—than it did to purchase a seat—a license to trade—on the New York Stock Exchange.

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