Arnold Kling argues that “bond
Arnold Kling argues that “bond market vigilantes” may be more powerful than the Fed. This seems true, but I’m not sure that the relative influence is changing over time.
{ Daily Archives }
August 26th, 2002
People are worried than when
People are worried than when Habeas sues spammers, there won’t be anything to collect. Of course, this will sometimes be the case, but we can still force the spammers out of business. But as a counterexample, these spammers had “$30 million in luxury real estate and a herd of Mercedes-Benzes, Rolls Royces and a Lamborghini”.