Mises Daily
Author:
John P. Cochran
Online Publish Date:
some limited criticism from the mainstream of Fed and Treasury mondustrial policy during the fall 2008 “crisis,” 2009’s failed fiscal stimulus, and the nearly recovery. But Wessel overall presents a picture in which, absent those mondustrial policies, things would have been much worse and the major error in the policies was a occurred because a credit expansion took place during a time when technological innovations associated with the digital revolutions created a strong demand for