Mises Daily
Author:
James Grant
Online Publish Date:
From the Wall Street Journal (Sept. 29, 1998) Alan Greenspan Isn’t God The Federal Open Market Committee convenes today to resume the work of manipulating the federal-funds rate. This procedure is one of the most ill-conceived exercises in the history of price controls. Yet, as the boom of the 1990s attests, it is also one of the most popular. For