Tuesday, October 07, 2008

I'm Referenced In Sweden's Biggest Business News Paper

Even though it was published earlier in the day, I didn't notice this until just now. It seems that I was quoted by well-known Swedish libertarian Johan Norberg in his column in Sweden's largest business/financial news paper Dagens Industri, where he pointed to the fact that many free market economists ,including me, saw the current problems coming.

"Den liberale ekonomen Stefan Karlsson, som tidigare i år gav ut en insiktsfull Timbrorapport om det österrikiska förperspektivet på konjunkturcykler, hävdade 2004 att USA:s huspriser bara behöver sjunka 20 procent för att en fjärdedel skulle tvingas lämna bostaden. Låga räntor och underskottsfinansiering stökade till: ”Alan Greenspan och George W Bush förhindrade inte att 1990-talets börsbubbla blev en kris. De bara fördröjde den"."

Translated into English this means:

"The [classical] liberal economist Stefan Karlsson who earlier this year published an insigthful Timbro report on the Austrian perspective on business cycles, argued in 2004 that U.S. home prices only had to fall another 20% to force a fourth [of households owning homes] to leave their homes. Low interest rates and deficit financing only messed things up: "Alan Greenspan and George W. Bush didn't prevent the stock market bubble of the 1990s from becoming a crisis." They only postponed it.""


Blogger pej said...

Congratulations! :-)

1:02 AM  
Anonymous ismailov said...

well deserved Stefan!

2:02 AM  
Anonymous Daniel Halvarsson said...

Well deserved, indeed!

11:08 PM  

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