Central Problem: the Central Bank
• Barrons OnlineHow many more crises must we endure until we realize the root cause of the problem? By fostering the booms and triggering the busts, the real villain is the institution of central banking itself.
How many more crises must we endure until we realize the root cause of the problem? By fostering the booms and triggering the busts, the real villain is the institution of central banking itself.
Nice post Mike.
I think it's funny that, of course, it's an "Other Voices" column and not one of their mainstream articles.
The moral of the story: Keynesian economics doesn't work unless you own, or have easy access to the printing press.
For them it works "Tony the Tiger" GRRRRREAT!