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  • Illustration by Greg Groesch for The Washington Times

    RAHN: Purveyors of financial destruction

    On Dec. 28, the Financial Times announced, "China has again outshone the U.S. as the top venue for initial public offerings." How is it that since 2008, a self-proclaimed communist country raises more capital and has more new firms going public than the great bastion of free-market capitalism, the United States? Answer: Members of Congress have been killing the U.S. financial markets because of hubris, incompetence and a lust for power and money.

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