You’d think the feds might have learned their lesson. Their low rates…and subsidized mortgage loans…led to the biggest bubble in housing in US history.
November 26th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "Eliot Spitzer"
The Real Economy Suffers – Either from Inflation…or from Misallocated Resources
We take it as a given, at this stage, that more lending from the Fed cannot actually improve the real economy. In fact, it makes it worse – propping up failing companies, increasing speculation, misallocating resources, and adding to debts that will have to be paid, one way or another…
March 17th, 2008 | Bill Bonner | 0 comments | Continued
