Mr Greenspan: Please send a $100 bill to the Hubris in Monetary Policy Award Committee and write Bernanke or Shiller's name on the back. After all, since both men promote the myth that that inflation is only sometimes and only in some places a monetary phenomenon, they have your back as well.
In the Austrian view, the boom-bust cycle is caused by the Fed's maintenance of artificially low interest rates, which causes businesses to expand, hire workers, buy other resources, and so forth, even though these projects are not justified by the true supply of savings in the economy. The greater the "stimulus" the worse the malinvestments.
Even organized crime is feeling the pinch from the rapidly deflating housing bubble.
Alan Greenspan is in the news a lot currently because of the release of his new book. I haven’t read the book.
In their eagerness to keep the pot boiling somehow, somewhere, many financial pundits are spinning the line that Emerging Markets now offer a form
While panelist from The Onion debate this issue, deleteri
It’s been a kick digging up all these lost books by Garet Garrett. What amazing insight he had in economics and politics!
