Summary
Consumer demand sets the price, signaling whether to expand or contract supply. [...] the invisible hand, whose dictates a smart businessman will follow, directs the balance of supply and demand, allowing a free market to flourish.
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But Greenspan Said So
But Greenspan Said So How Markets Fail The Logic of Economic Calamities John Cassidy Farrar, Straus and Giroux, $28, 390 pp.
If Alan Greenspan got the economy wrong, what chance was there for the rest of us? His aura as a financial wiz outshone dissenting economists who questioned the novel financing schemes inflating the housing market (those dissenters includ...See the full content of this document
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