Chapman on the US Economy
30 January 2009 at 11:17 am Peter Klein 2 comments
| Peter Klein |
My colleague, coauthor on several forthcoming projects, and former PhD student John Chapman was on Hugh Hewitt’s show last night, talking about the US economy. Like me John blames the Fed, not hedge funds and derivatives markets, for the housing bubble and crash. John’s investment advice: “Short the dollar and prepare for the 1970s.” Listen here (John comes on around 25:10).
Entry filed under: - Klein -, Austrian Economics, Public Policy / Political Economy. Tags: .
1.
Michael Hayes | 31 January 2009 at 2:38 am
Hi Peter,
Not only John most of blame the fed for this crash and not the markets or the housing bubble. John’s investment advice: “Short the dollar and prepare for the 1970s seems to be the right approach in this recession period.
Regards,
Michael Hayes
http://momentumstaffing.wordpress.com/
2.
Tanzanite Mitchell | 13 February 2009 at 8:47 am
An interesting approach. The dollar’s fundamentals appear very weak at present with the money supply about to be increased dramatically by the Obama stimulus plan and the fed rate at zero. The future looks terrifying.