Monday, April 20, 2009

The Fed, in the parlor, with the candlestick

Point: The Fed did not cause the housing bubble. (commentary by Jeffrey Rogers Hummel and David R. Henderson in Forbes)

Counterpoint: The Fed deserves a major part of the blame. (response by Robert Higgs over that the Independent Institute)

I find Higgs' logic much more compelling.

-WM

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