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Cato Institute 30th Annual Monetary Conference, Part 1

By David Merkel on Thu, 2012-11-15 10:53
(via alephblog.com)

Note to readers: these are my notes from the conference, as such, they will be rough. Keynote: Vernon L. Smith, Professor of Economics, Chapman University, and Nobel Laureate in Economics Main points: 1) we get bubbles because we misfinance long-term assets, typically housing.  We borrow short to...

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