Friday, November 15, 2013

Janet Yellen: No Bubbles

Au contraire, says David Stockman in this interview by Daily Ticker. As reported by Lauren Lyster,
Stockman argues that “we have bubbles everywhere" -- in junk bonds, stocks, and a housing market “riddled with speculators.” He blames the Fed for “dripping monetary morphine into Wall Street” and creating these bubbles, and he calls for the Fed to stop its easy money policies immediately.
You can watch the entire, brief interview by clicking here.

Interested parties will be happy to know that Tom DiLorenzo's review of Stockman's most recent book, The Great Deformation has just been published in the Quarterly Journal of Austrian Economics.

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