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.
Booms and Busts
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Correcting Thomas Sowell on Boom-Bust
When looking for a thorough and logically consistent analysis of broad market forces and the role of the Federal Reserve in promoting an unsustainable boom in long-term production, Tom Woods‘s Meltdown remains the best choice.
Is the US Economy Close to Hitting Bottom?
Careful examination shows that, rather than protecting the economy, it is loose monetary policies that are the key source of boom-bust economic cycles.
