Mid-Week Reality Check: Infallible Law of Economics

Published: June 25, 2008 | 7:36 PM

Listen to another revealing episode of Mid-Week Reality Check. This week Michael expresses his disdain over how certain economic "experts" in the media drawing the same correlations to prior recessions and are summarily prescribing the same solutions for the current economic woes.  Michael points out that this downturn was not caused by rising rates and a contraction of the money supply, but specifically to the bubble being popped in an important asset class.