28 Sep 2009

Thomas Sowell Also Using the "But Loans Are Down!!" Argument

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Bill R. sends along this interview with Thomas Sowell. Start it at the 5:00 mark, and you’ll see that Sowell makes the same point regarding the alleged “rescue” of the credit markets as I did on Kudlow. From the timing, I’m guessing it was an independent discovery. I’m surprised more people aren’t using this argument.

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