John Lounsbury
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Wall Street Breakfast: Must-Know News [View article]
1. Use of debt to create additional debt, rather than to finance means of production.
2. Lack of long-term planning and contingency planning.
3. The belief that desirable economic outcomes can be legislated in any way except by incentivizing entreprenurial effort.
4, Belief that self-interest in and of itself will, through competition (without regulation), automatically produce benefit for all.
Others may add to this list, but I'll stop for now.