We have to come to the realization that there is a sea change in what is happening, this is an end of an era, and that we can't reinflate the bubble.
I am telling you, Congressman, I don't believe we will have an inflation problem in terms of consumer prices.
I maintain that capital can only come from hard work and savings, and I think that is an important distinction.
What do we do now? We are telling consumers to spend and continue the old process. It won't work.
As to nationalization, it seems like the ghost of Eugene Debs is amongst us.
But the idea of using the term nationalization to justify bailing out bondholders seems counterintuitive and probably a ...
This whole idea that we can recapitalize markets by merely turning on the printing presses and increasing credit is a to...
What will it take for you to say to yourself, could I be wrong?
If increasing the supply of money and credit and low interest rates were a panacea, we should have seen some results.
Now we are suffering the consequences because it is a failed policy, and it is not working at all.
The Federal Reserve is responsible.