Did the fed cause the housing bubble?
Ludwig von Mises Institute
by Robert P. Murphy
04/14/08
One of the few positive developments from the housing bubble is that many mainstream economists have recognized the pernicious role played by the Federal Reserve. Indeed, some analysts on CNBC have discussed the outright abolition of the Fed. The case against the Fed is straightforward: In an attempt to jumpstart the economy out of recession, Greenspan slashed the federal funds target from 6.5% in January 2001 down to a ridiculous 1% by June 2003...
http://mises.org/story/2936
From Information Clearing House
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=Greenspan
by Robert P. Murphy
04/14/08
One of the few positive developments from the housing bubble is that many mainstream economists have recognized the pernicious role played by the Federal Reserve. Indeed, some analysts on CNBC have discussed the outright abolition of the Fed. The case against the Fed is straightforward: In an attempt to jumpstart the economy out of recession, Greenspan slashed the federal funds target from 6.5% in January 2001 down to a ridiculous 1% by June 2003...
http://mises.org/story/2936
From Information Clearing House
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=Greenspan
rudkla - 15. Apr, 10:54
