Mises Daily
Author:
Robert R. Prechter, Jr.
Online Publish Date:
[The original version of this article appeared in the February 20, 2004 issue of The Elliott Wave Theorist, a year before the housing-credit bubble burst. An MP3 audio file of this article, read by Dr. Floy Lilley, is available for download .] I am tired of hearing economists argue that government and the Fed should expand credit for the good of