William Niskanen
William Niskanen
William Arthur Niskanenwas an American economist noted as one of the architects of President Ronald Reagan's economic programme and for his contributions to public choice theory. He was also a long-time chairman of the libertarian Cato Institute...
William Niskanen quotes about
bubble continue dollars financial housing interest invest major rates unlikely
It is most unlikely that they will continue to invest as much in dollars as they have. This is the major financial crisis. The dollar would go down. Interest rates would go up. The housing bubble would end.
bothers
It bothers me enormously how we've responded to this problem. This is just way out of bounds.