Thursday, January 26, 2012

The Law Of Unintended Consequences

By Jeff Harding
 
How Our Government Created the Subprime Mess and Led Us to the Brink of Financial Disaster

Boom and Bust

A research paper written in March by Carmen Reinhart and Kenneth Rogoff, This Time is Different: A Panoramic View of Eight Centuries of Financial Crises, reveals that credit and business cycles have several things in common, mainly the debasement of money, which, in our current case, is inflation, otherwise known in its initial stages as “easy money.”1The point of the article is that, this time is not different from other cycles.

Read more: http://beforeitsnews.com/story/1676/789/The_Law_Of_Unintended_Consequences.html

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