Krugman on Friedman: An Austrain Approach (bastiat.mises.org)
- Highlight Loc. 31-33 | Added on Sunday, March 18, 2012, 05:06 PM
The fact that the Greenspan Fed adopted a loose monetary stance in the wake of the dot.com bust and well into the century’s first decade was a game changer. The accommodation freed the housing sector from having to draw investment funds from other sectors.
