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I'dliketopaythisin,pleasecheapestnexium40mgThisisthehugeproblemwiththeGreatManfallacyofcentralbanking.Itisused,bythosewhooughttoknowbetter,asanexcusetoavoiddoingpainfulthings.FedbycreditandassetinflationunderGreenspan,theU.S.failedtoreckonwiththehollowingoutofitsmiddleclass,creatinginsteadaneconomytoodependentonrealestatejobsforthosewithfewerskills,andfinancialintermediationjobsforthosewithmore.Similarly,Bernanke’screativeworkduringthecrisishasallowedtheU.S.tomorepainlesslyavoidreformingitsfinancialsystem. |