Central Bankers Are Nuts

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Peter Schiff has declared that central bankers are crazy:

Ironically of course, by blowing up both the stock market bubble in the 1990s and the real estate bubble that followed, Greenspan actually repeated the same mistakes that previous Fed chairmen Benjamin Strong and William McChensey Martin made in the 1920s and the 1960s respectively. It seems sanity is a major disqualification for central bankers.

Abolish the Fed, legalize sound money and banking, and let the correction take its course. Anything else will just prolong and exacerbate the crisis.

6:22 pm on February 4, 2008