The article in today’s Raleigh News & Observer “Greenspan being blamed for mortgage crisis” echoes some of the credit creation issues I raise in my latest Free Market Minute, and just in time to make it somewhat relevant. The article itself is property of Bloomberg News, so cannot be posted online at the N&O, but another article on the problem of having to liquidate all those bad investments that get underway during a credit bubble can be accessed from the N&O
here.
Finally, another article on a companion theme?the Fed’s recent policy and policy fallout, is found here, on Bloomberg.com.