Saturday, May 10, 2014

Grandma Yellin believes in discredited home remedies for our Econo-monetary problems

Things like price controls, the Phillips curve tradeoff between unemployment and inflation and the effectiveness of possum gut poultices in reducing the ardor of the men who come a courtin'.

Just don't let her get near you with "Dr. Bernanke's Patented Sure Fire Economic Prosperity Elixir: Quantitative Easing". it's nasty stuff and once you get hooked it'll kill your economy to kick the habit.

http://www.aei-ideas.org/2014/05/james-grant-on-the-feds-three-discredited-heresies-price-controls-market-manipulation-and-the-phillips-curve/

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