By Richard Rahn
NewsMax.com
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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