Sunday, October 19, 2008

Read and learn

(Via Timebomb 2000)

Bernanke Is Fighting the Last War


So says Anna Schwartz, who co-authored, along with Milton Friedman, "A Monetary History of the United States" (1963). It's a very enlightening view of current events through the eyes of someone who has been there and done that.

Bernake likes the book, saying that it is "the leading and most persuasive explanation of the worst economic disaster in American history."

Damn shame he didn't read it--or at least didn't understand what he read.

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