James Grant: “The price mechanism is our indispensable contrivance, and without it, the store shelves would be stocked with things we…”

I said, ‘Get on the ground. Get on the ground. Get on the ground. Get on the ground.

Everybody I know, and I’m not just talking about 10 or 20 people, nobody could believe we even got this far. The laws are bad.

I see a bubble in Treasury securities. I see a bubble in sovereign debts worldwide.

I believe that the Fed ought to be doing much less than what it is doing, and it could do with many fewer economists.