How Can the Fed Prevent Asset Bubbles?
At no point in his speech did Mr. Dudley raise the possibility that the main source of asset bubbles could be the US central bank itself.
Booms and Busts
Displaying 1181 - 1190 of 1767
Bubble Economics: The Illusion of Wealth
The individual is always ready to ascribe his good luck to his own efficiency…. But reverses of fortune he always charges to other people…."
– Ludwig von Mises
The Debt Crisis Cannot Be Solved with More Debt
By piling on trillions to the national debt, the government will have to keep interest rates low for a longer period, promoting ever-greater debt. The result of this must be unsustainably higher levels of debt — and the worst financial crisis ever seen in the history of mankind.
Why the Current Policy Prescriptions Cannot Possibly Work
"Interventionism is not an economic system, that is, it is not a method which enables people to achieve their aims. It is merely a system of procedures which disturb and eventually destroy the market economy. It hampers production and impairs satisfaction of needs. It does not make people richer; it makes people poorer."
Obama and the Economy
The Obama administration pulled out the old bag of tricks and claimed that they only needed to loot the public of hundreds of billions and spend it on building up government, and then, wow, like magic, the entire economy would come back to life.
Brad DeLong’s Erroneous Defense of Greenspan
No matter how you slice it, the former Maestro spawned housing, commodity, and stock booms with his reckless policies.
