2008, 1929 and 1873 Bubbles
Bob Hoye snippet
Jan 12, 2009
The establishment promised
that nothing could go wrong.
"The truth is that
Fed governors, together with their crack staff of Ph.D economists
and market analysts, are as close to an economic dream team as
we are ever likely to see."
Harvard economist and textbook author,
New York Times, December 23, 2007
"So Congress tried
to make sure it would never happen again by creating a system
of regulations and guarantees that provided a safety net for
the financial system."
explaining interventionist measures installed after the 1929
New York Times, March 21, 2008
But it did!
Scott Stantis, Alabama, The Birmingham News
Jan 9, 2009
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