Why is the biggest story of the day? Because Ben Bernanke is a well-intentioned arsonist. Bernanke inherited an American and global economy built on an upside down pyramid of debt, with a very small asset base. When the entire edifice began to collapse in 2007, the Fed Chairman was slow to react.
August 26th, 2009 | Dan Denning | 1 comment | ContinuedAll Posts Tagged With: "adam smith"
David Ricardo is the Dominant British Economist of the Nineteenth Century
David Ricardo is the dominant British economist of the nineteenth century, just as Adam Smith was the dominant economist of the eighteenth century, or Maynard Keynes of the twentieth century…
December 12th, 2008 | William Rees-Mogg | 2 comments | Continued