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Federal Reserve?

Austrian economists insist that by far the number one main cause of the bubble has been the Federal Reserve's pumping of money into the economy and fixing of the price of credit in ways that encouraged unsustainable lending and spending practices. Yet this reason did not seem to make Wall Street Watch's top twelve. Is Wall Street Watch studiously ignoring the elephant in the room, or are the Austrians so far off base that their arguments do not merit a response?

Media:

Meltdown: An Interview with Tom Woods

Author's Forum: Meltdown

The Bush-Obama Bailout Has Permantently Changed the Nature of American Capitalism

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