So says Anna Schwartz. She co-authored, with Milton Friedman, A Monetary History of the United States. She has insight into what’s going on right now. Read the Wall Street Journal’s Weekend interview Bernanke Is Fighting the Last War.
Firms that made wrong decisions should fail
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Her piece was also highlighted on the LRC blog yesterday.
http://www.lewrockwell.com/blog/lewrw/archives/023560.html#more