"The social system of private property and limited government is the only system that tends to debarbarize all those who have the innate capacity to acquire personal culture."
~Ludwig von Mises
Mar 31, 2020
Ben Bernanke: "Easier financial conditions will promote economic growth"
Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable and allow more homeowners to refinance. Lower corporate bond rates will encourage investment and higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending.
~ Ben Bernanke, Washington Post op-ed, November 4, 2010
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