Bubbles: Greenspan vs. Stockman
Greenspan says bubbles can’t be stopped without ‘crunch’
C’mon Alan! Bubbles Are Caused By Central Bankers, Not “Human Nature”
Two very different outlooks on an issue that will have a devastating impact in the near future.
Discussion
1 Comment
Jul 25, 2014 25:38 PM
Central bankers aren’t even supposed to believe in ‘human nature’; there’s no place for it with models based on rational economic agents…