"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Let Prices And Wages Fall
Submitted by Westernerd on Sat, 2011-06-18 03:00
One of the few good things about a recession is that prices of goods fall. Wages too, which helps clear the market of malinvestment and direct capital and employment where it needs to go. But Bernanke's "sophisticated surgical tools keeps making the patient worse."
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