Monday, September 03, 2007

Subprime mess: An Austrian Explanation.

Bottom line: Fine-tunning by the Fed is the culprit of the current subprime mess.

Here it is, and hat tip Larry White up at Division of Labor for the pointer.


For those who want to know more about Austrian monetary theory and business cycle theory, visit this website. And more here.

1 comment:


I think Fed lose its magic wand this time as China's productivity growth is slowing down. Do you think stagflation is likely to happen?

Accidentally, I saw your blog in Yeung's new book. Accidentally, I found that you are Ho Yeung (I like his article very much!). Will certainly be one of your readers.