Thursday, August 16, 2007

Cato's Gerald P. O'Driscoll Hits Another Nail Squarely

Another article that makes good sense from Cato. It puts the blame for our present situation directly on the Federal Reserve and other central banks, exactly where it belongs. Couldn't agree more.

The list of scapegoats:

Mortgage brokers
Banks
Speculators
China
Debtors in general

The true culprit:

Alan Greenspan and his friends

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