Mises Wire
Author:
Roger McKinney
Online Publish Date:
told our class decades ago to believe nothing from the popular press about economics and only half of what the financial press writes. I would add that if a grew from 4% of GDP in 1929 to 8% in 2006 according to a paper in the Journal of Economic Perspectives . While doubling, it’s still smaller than the healthcare or because of the government, not the market. The author of the JEP paper cites the growth of home mortgages and the stock market as the main reasons. But few banks made