Jim Grant has some tough words on Alan Greenspan, and central bankers in general.
Archive for April 12th, 2010
How the coming rising of interest rates will affect American consumers:
That, economists say, is the inevitable outcome of the nation’s ballooning debt and the renewed prospect of inflation as the economy recovers from the depths of the recent recession.
The shift is sure to come as a shock to consumers whose spending habits were shaped by a historic 30-year decline in the cost of borrowing.