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Saturday, November 12, 2005
October 28th 2005
Bernanke - pretty much things tsay the same.
By preventing the price of credit from moving to its equilibrium level, teh Fed distorts teh economically efficient allocatiion of resources, just as the USSR did for 70 years.
October 21st 2005
Real M2 growth is slowing, indicating possible recession ahead.
But interest rates need togo higher.
Fed is in a bind.
Bernanke - pretty much things tsay the same.
By preventing the price of credit from moving to its equilibrium level, teh Fed distorts teh economically efficient allocatiion of resources, just as the USSR did for 70 years.
October 21st 2005
Real M2 growth is slowing, indicating possible recession ahead.
But interest rates need togo higher.
Fed is in a bind.