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Politics : Ask Michael Burke
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To: BGR who wrote (48371)2/23/1999 10:03:00 AM
From: yard_man  Read Replies (1) of 132070
 
You miss the more important points about credit expansion, IMO.

The huge cycles of boom and bust have been exacerbated greatly by the actions of central bankers, allowing credit to grow much too fast ... talking about how bad things were wherever you came from and how good they are now is just indicative of how bad it is when such natural cycles are greatly accentuated by inept central bankers.
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