10.12.2005

He's the father of the bubble, but...

he's finally right about one thing:

Greenspan: Flexibility crucial to economy.

Translation: European-style labor laws and market intervention result in European-style unemployment rates and stagnation.

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Inflation is always and everywhere a progressive phenomenon

Excerpt from a text conversation with a young "democratic socialist": DS: Every time the US has become progressive, the right wi...