Tuesday, January 24, 2012

All things being equal...

...serves as the death knell for analytical thought amongst policy makers. This elicited an "um...what???" from your humble blogger when it came across the wires:

LEHMAN WOULDN'T HAVE HAPPENED IF DOLLAR WAS STABLE, HANKE SAYS

Hanke being part of the Cato institute, seems to have conspicuously ejected the entire context of Lehman's downfall.

No comments: