Posts Tagged ‘risk’

Austrian Business Cycle Theory Arrives at the White House

May 13, 2009

by Gene Callahan

Brian Doherty quotes Treasury Secretary Geithner:

“I would say there were three types of broad errors of policy and policy both here and around the world. One was that monetary policy around the world was too loose too long. And that created this just huge boom in asset prices, money chasing risk.”

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