"The problem with socialism is you eventually run out of other people's money" - Margaret Thatcher "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design" - F.A. Hayek
Wednesday, July 24, 2013
Thursday, July 18, 2013
Monday, July 15, 2013
Monday, July 8, 2013
Wednesday, July 3, 2013
Tuesday, July 2, 2013
Read the last two paragraphs. The politics of central banking.
I remember Rick Mishkin gave a speech here at ECU entitled "Modern Central Banking...Has it become like Modern Dentistry?" Of course this was before our little event in 2008. It is hardly dentistry anymore.
http://www.project-syndicate.org/commentary/the-political-entanglement-of-central-banking-by-raghuram-rajan