Tuesday, September 23, 2008

But will people really understand it?

The Angry Economist, an Austrian School (free market) economist, explains the financial ruin engulfing us all. He blames Bernanke. All central bank generated booms must come to a bust in part because central bankers screw around with the price signals of the market by stoking or restraining inflation. This is sound economic logic that people don't want to hear. Instead they blame capitalism and empower politicians who created the mess in the first place.

More from Donald Luskin.

There's a growing backlash against the bailout.

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