March 15, 2013 at 02:45 AM EDT
The Inherent Fragility of the “Wealth Effect”
You probably thought the boom/bust cycle experiment that started with Alan Greenspan was over when Ben Bernanke came to the Fed. Or maybe you weren’t that naive to begin with. Either way, Bernanke is implementing very similar and in my opinion, dangerous economic policy. When Greenspan was head of the Fed, he made it well [...] The p...
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