Things Repeat Themselves
2009-08-21 14:43:17.799628+00 by ziffle 1 comments
Quantitative Easing in another era: http://www.economist.com/busin...splayStory.cfm?story_id=14215012
Back then they cut off the head of the heads of state for their crimes. But they were more enlightened it appears.
But one lesson from Law’s sorry tale endures: attempts to maintain asset prices above their fundamental value are eventually doomed to failure.