Both supporters and critics of the Federal Reserve System agree that the first cause of paper money inflation and credit expansion in the U.S. since 1913 is the Fed. How does a socionomist respond to this assertion?
Post Tagged with: "Economy"
Since the Great Depression, we have had immense improvements in science and technology. Given seven additional decades of data collection and progress in econometric techniques, one might presume that the forecasting tools of macroeconomics have become vastly more effective than their predecessors of 1929. Yet as recently as 1988, some leading economists went on the record about the profession’s lack of progress.
Can a basket of equities backed by a broad cross-section of commercial fantasy images developed over the course of a bull market reflect the end of that bull market ahead of other major indexes?