Quote of the Day

We are all Austrians now. Over the past few weeks, in Los Angeles, San Francisco, Sacramento, New York City, and London, I've run into more and more institutional investors whose economic and financial views either knowingly or unknowingly reflect the influence of the Austrian School of Economics. I am in Zurich today and Geneva tomorrow. … How do you know if you are an Austrian? Here is a simple test. Answer yes or no to the following question: "I believe that this will all end very badly." -- Ed Yardeni (via James Pethokoukis)

Economics and Markets Posted by John Kranz at February 4, 2010 4:10 PM