November 07, 2003

A quarter million new jobs created in the U.S. economy. The economy finally begins to re-coordinate after the artificially generated boom and inevitable bust created over the the last few years by the Federal Reserve. The worry now is that the Fed Reserve and the Fed government have thrown so many artificial -- and unneeded-- "stimulus" monkey-wrenches into the natural operation of the price system that there are no genuinely solid and sustainable price signals left in those markets which take us across and though time -- such as the money and capital markets. Phony-baloney economic thinking generates nothing but phony-baloney price signals -- of the sort that make economic coordination completely unreliable over and across time.

Posted by Greg Ransom