Today’s Wall Street Journal Op-ed piece “How the Fed Can Avoid the Next Bubble” by Bremmer and Roubini points to exactly the type of policy precipice that F.A. Hayek warned of in the 1970’s, complete with loss of freedoms and rising unemployment. This transcription of Hayek’s Meet the Press interview on the Fed’s policy, and prospects for the economy and citizens’ freedom, is sounding ever more like deja vu all over again.
by Locker Room contributor