"The forces of the market are just that: They are forces; they are like the wind and the tides; they are things that if you want to try to ignore them, you ignore them at your peril, and ... if you find a way of ordering your life that is compatible with these forces, indeed which harnesses these forces to the benefit of your society, that's the way to go." -- Arnold Harberger, University of Chicago Economist
Saturday, July 18, 2009
The Great Panic (up to July 18, 2009)
“We came very close in October to Depression 2.0.” Ben Bernanke, Chairman of the Federal Reserve
