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Why do people claim that Wall Street is the cause of problems?

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Hi!

I am curious. I tried looking up on it but I think there are many aspects of the recession to simply go around and blame Wall Street. It is also because of government inefficiency in Keynesian economics. I wonder if Austrian economics is the way to go with no intervention whatsoever. Right now in America, I would pick Ron Paul over Obama as I believe he can reduce government spending and focus on the debt. What do you think? Opinions welcome.

I am Canadian by the way, so forgive me if I am missing something.
 
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Jo!

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You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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