Daily Archives: 16 November 2012

Cato Institute 30th Annual Monetary Conference, Epilogue

I’m back home, and now I can give my opinions on the presenters at the Cato Monetary Conference. Vernon Smith was relatively realistic.  He understands that this is a debt crisis, and that reducing debt is the main priority.  Overindebted economies don’t grow well.  Households and corporations that have too much debt tend to be […]