Misguided Monetary Mentalities

The destructive power of bad ideas

One lesson from the Great Depression is that you should never underestimate the destructive power of bad ideas. And some of the bad ideas that helped cause the Depression have, alas, proved all too durable: in modified form, they continue to influence economic debate today. Full Story »

Posted by Dwight Rousu - via AllTop, New York Times (Most Emailed), Opinion Source, New York Times (Opinion)

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Dwight Rousu
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by Dwight Rousu - Oct. 13, 2009

Krugman provides a reality check versus Fed doctrinaire ideas of the primacy of fighting inflation at all costs.

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