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Friday, November 5, 2010

Fed’s Inflation Promise Pushes up Stock Market

“The Federal Reserve’s aggressive action this week to boost the economy sent stocks soaring Thursday to their highest level in two years as investors expressed renewed confidence that someone in Washington was finally giving the sluggish recovery a lift.” (Washington Post)

They fall for it every time.

FEE Timely Classic
“Mainstream Macro in an Austrian Nutshell” by Roger W. Garrison