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re: Don't Doubt the Bernanke: Big Ben Works His Magic Again
Posted on 3/3/11 at 10:13 pm to Doc Fenton
Posted on 3/3/11 at 10:13 pm to Doc Fenton
quote:
Part of it is human nature, part of it has to do with the credit markets, and part of it is just that cutting prices in a deflationary market is just an unstable process because it has too much positive feedback happening.
meh
you believe in central bankers. i don't
1
Posted on 3/3/11 at 10:18 pm to Tiger JJ
I believe that the liquidationist policies of Andrew Mellon were tried and proved to be disastrous.
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