Ron Paul vs. Paul Krugman: Austrian vs. Keynesian economics in the financial crisis by Hammond Jeremy

Author:Hammond, Jeremy [Hammond, Jeremy]
Language: eng
Format: mobi, epub
Published: 2012-03-31T07:00:00+00:00

Further regulation of the banking sector, of mortgage brokers, mortgage lenders, or credit rating agencies will fail to improve the current situation, and will do nothing to prevent future real estate bubbles. Any proposed solutions which fail to take into account the economic intervention that laid the ground for the bubble are merely window dressing, and will not ease the suffering of millions of American homeowners. I urge my colleagues to strike at the root of the problem and address the Federal Reserve’s inflationary monetary policy.101

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