About ten years ago, a reporter did an interview with me that appeared in the “Detroit News” about the Federal Reserve and Greenspan’s monetary policy.
This reporter has reprinted this interview on his blog today, pointing out my “prevision” in seeing where Fed monetary policy was leading: serious interest rate distortions, imbalances between savings and investment, and an inevitable economic correction.
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No, no, didn’t you get the memo? No one could have seen this coming!
Professor Ebeling,
Great interview. Very prescient. I look forward to seeing you on the Northwood campus this coming fall and hope to take some classes with you in the near future.
It’s too bad Hillsdale didn’t have the “prevision” to keep folks like you and Bob Murphy around.
Tu ne cedes malis sed contra audentior.
Did anyone hear about noted libertarian James Ostrowski’s Free New York organization being investigated by an independent watchdog group for violations of state and federal financial disclosure reporting laws?
Oh how the Austrians are reaping the benefits of print and internet media now.
Richard, we certainly could use you in replacing the head of the economics department at GVSU. I believe I remember him pushing the stimulus package on our local news [in West Michigan].
Richard mentioned in his interview:
“So through a good part of the 1920s, interest rates were artificially low.â€
It is very interesting to see many “vintage†apartment buildings in my Southeast Evanston, IL neighborhood. All of them were from the 1920′s including the condo I currently reside in which was built in 1926. Credit expansion perhaps?
“Prevision” is a great term, as is “prescient.” Since Austrians don’t like forecasting, we should call it “previsioning” and “being prescient.”
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