Another great article from the Mises Institute, this one exposing the former Fed boss Alan Greenspan. Unfortunately for America, Greenspan tried to nullify the fundamental laws of economics. Once of his worst sins was printing money, and printing money, and printing money. The "Great Printer" printed so much in the 90's that the NASDAQ went up ten times in ten years! That's not really supposed to happen, and it all began to unravel in 2000.
So when your friends tell you it was the "free market" that caused all of our problems, just have them go to mises.org or here to find out the truth.
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1 comment:
Fifth paragraph mentions only one good guy: Smith. The other three are useless.
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