Thursday, July 14, 2011

Blockquoting X

X = Ben Bernanke.
The reason the Federal Reserve was founded a century ago was to try to address the problems arising from financial panics, which did, by the way, occur in an unregulated environment in the 19th century.
Discuss.

1 comment:

Steven Horwitz said...

Sigh.

Oh Ben, you silly goofball.

http://myslu.stlawu.edu/~shorwitz/Papers/Panicof1907.pdf

Unregulated my ass.