Thursday, September 19, 2013

Gold loans: “Free-market” Rajan shows his true colours

........Despite my reservations on central banking, I was actually impressed with the contents of Rajan’s day zero speech. But in a very short span, the lofty standards of free markets and market regulation have descended to a situation of I-know-what’s-right. But as any Austrian school economist would say, “what else do you expect from a Chicago monetarist?”

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