In an increasingly global economy, statist interventions, applied across numerous countries, can lead to a greater interlinking of economic “bubbles” fueled by speculative finance, statist intervention, and crony capitalism. You will look at these problems in terms of their domestic ramifications, and discuss key factors related to the global economy.
Discuss Stockman’s analysis of the emergence of speculative or “bubble finance”. Is Stockman accurate in his portrayal and if so, should we be concerned? Provide an analysis of this topic based upon a biblical model of statesmanship.
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