Source link: http://archive.mises.org/9586/he-pinky-swears/
He pinky swears
Good news, Alan Greenspan has finally admitted that it wasn’t low interest rates that caused the bubble, but the Asians. [The same Asians that were spooked by Geithner in the late '90s.]
I felt inspired and used icanhascheezburger to capture his honesty:
Note: Greenspan is in good company as both Paul Krugman and The Economist have jumped on that same bandwagon.
See also: When in Doubt, Blame the Asians
Did the Fed, or Asian Saving, Cause the Housing Bubble?
Did exchange rates cause the bubble?