Spring Break
Abstract:
As the effects of the housing crisis and the international economic crisis ripple through everyday life, students and faculty at Sacramento State are forced to change lifestyles. For some, this means driving less; for others, the changes are more severe....
Jonathan
posted 10/31/08 @ 9:40 AM PST
Not necessarily. Ultimately, none of this could have happened without the Fed inflating the money supply. Simply too much money was created, leading to various malinvestment, the results of which we are now seeing. What is happening now is perfectly described by the Austrian business cycle.