Bret Swanson - Maximum Entropy » central banks http://www.bretswanson.com tech, econ, Web, China, stocks, Fed, energy, IP, Moore, bandwidth, exaflood Tue, 07 Feb 2012 16:31:27 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Bubbleology http://www.bretswanson.com/index.php/2008/11/bubbleology/ http://www.bretswanson.com/index.php/2008/11/bubbleology/#comments Fri, 14 Nov 2008 16:54:33 +0000 admin http://www.bretswanson.com/?p=171 The prolific Niall Ferguson with a long narrative of the financial crash in Vanity Fair:

The key point is that without easy credit creation a true bubble cannot occur. That is why so many bubbles have their origins in the sins of omission and commission of central banks. 

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