Justice may be blind, but it is not brain-dead.
Authored by Frank Shostak via The Mises Institute,
In his speech on April 7 2010 at the Economic Club of New York the President of the New York Fed, William Dudley argued that asset bubbles pose a serious threat to real economic activity.
The New York Fed chief is of the view that the US central bank should develop effective tools to counter this menace.
According to Dudley, it should be the role of the Fed to stop the expansion of the bubble while it is still in the making.
By an asset...
Boy plans to ask a platonic classmate to the dance, as is school custom, but his jealous girlfriend from a different school won't hear of it.