It Ain’t So, Alan! Why Greenspanian Central Banking Is The Mortal Enemy of Capitalist Prosperity

We can thank bubblevision and the Maestro himself for a splendid reminder today that Greenspanian central banking is the greatest menace to capitalist prosperity ever invented. This was made abundantly clear by his pronouncement on CNBC regarding the current labor market: “Tightest labor market I’ve ever seen.” – Greenspan on @CNBC As an empirical matter, of course, that’s […]
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