Mises Daily
Author:
Jeremie T.A. Rostan
Online Publish Date:
Georges Bush’s recent speech in defense of his bailout plan was quite a tour de force . Indeed, it managed to explain the pending recession of the US economy by a previous situation of “easy credit” without mentioning the monstrously inflationist policy of the Federal Reserve — which reached its climax in 2003 and 2004, when it lent dollars at a