Ms Schwartz now 92, and on the money: http://online.wsj.com/article/SB122428279231046053.html “Today’s crisis isn’t a replay of the problem in the 1930s, but our central bankers have responded by using the tools they should have used then. They are fighting the last war”
Everyone should read that.
Thanks Dsylexic, great post!
Bump. This should be bumped to the top for the next 4 weeks.
I agree…very interesting read
Where’s Spierce who criticized viewpoints that leverage needs to be reduced? Sorry all manias meet their end.