Free Market
Author:
Ivan Pongracic
Online Publish Date:
The Free Market 13, no. 3 (March 1995) In 1994, bondholders lost hundreds of billions, thanks to Clinton’s monetary escapades. What happened? It’s a sad story of interest rates and their manipulation by government planners. In 1993 President Clinton began with a plan to jump-start the economy. His view was simple: the economy was already