What Henry Hazlitt Can Teach Us About Inflation in 2014
In 1946, as now, the government held up the threat of deflation to justify a policy of ultra-low interest rates, writes James Grant.
In 1946, as now, the government held up the threat of deflation to justify a policy of ultra-low interest rates, writes James Grant.
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The current economic recovery has too much in common with the last boom, complete with pockets of malinvestment, absurd but sector-specific price increases, vast amounts of public and private debt, artificially low interest rates, a boom in big go
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