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Liberty & Power: Group Blog

Jane S. Shaw

It Wasn't His Fault

David R. Henderson and Jeffrey Hummel say that we shouldn't blame Alan Greenspan for the easy money that preceded the crash. In a new Cato paper, they argue that the critics misinterpreted low interest rates as a sign of excess liquidity.

Certainly worthy of contemplation by others who know more about this topic than I!

Posted on Monday, November 3, 2008 at 1:28 PM | Comments (2) | Return

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