October 03, 2012

Jim Grant Asks The "PhD Standard" To Allow Markets To Finally Clear

Jim Grant asks for a "return to capitalism", and the only way for that to happen is if markets are finally "allowed to clear".

James Grant originated the "Current Yield" column in Barron's before founding Grant's Interest Rate Observer in 1983. He is the author of five books, one of which is Mr. Market Miscalculates (Axios Press, 2008).