Archive for November 5th, 2007

Daily Archive
Monday, November 5th, 2007

Is Bernanke facing a death spiral?

Thomas Hobson ran a thriving carrier and horse rental business in Cambridge, England around the turn of the 17th century. He rented horses mainly to Cambridge University students and was known for not giving his customers a choice as to their mount – it was simply “this or none”, i.e. Hobson’s choice.
Fast-forward to November 2007 […]

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