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What, the Fed can’t fix what it caused with easy money beginning with the Greenspan Put? Pierre Goodrich would recognize this, but not the crony connected trough licker that runs Pierre’s creation and this newspaper.
A few months later he wrote: “I hope that this year’s Mont Pèlerin meeting will be more interesting than the Berlin meeting.” Mises to Pierre Goodrich, letter dated April 3, 1957; Grove City Archive: Goodrich files. Goodrich’s company (Indiana Telephone Corporation) issued annual reports highlighting the consequences of the ongoing inflation for the American economy and for corporate accounting (the problem of “illusory profits”). Mises liked them very much and urged Goodrich to seek wider circulation of his message.