{"id":736,"date":"2014-11-12T15:41:00","date_gmt":"2014-11-12T20:41:00","guid":{"rendered":"https:\/\/envisionco.net\/?p=736"},"modified":"2014-11-12T15:41:00","modified_gmt":"2014-11-12T20:41:00","slug":"the-price-mechanism-actually-can-work-when-allowed","status":"publish","type":"post","link":"https:\/\/envisionco.net\/?p=736","title":{"rendered":"The price mechanism actually can work (when allowed)"},"content":{"rendered":"<p>In his new book, &#8220;The Forgotten Depression&#8221;, Grant argues that the price mechanism (ie minimal or no Fed intervention) is a far more effective way to clear markets and allocate capital than an activist Fed. Grant&#8217;s book focuses on the 1921 depression and its quick recovery. Grant states that the price mechanism is a &#8220;far more resilient and constructive force than present day policy makers admit.&#8221;<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/video\/unprecedented-monetary-policy-fuels-inequality-pDRy5H43QSSxTTQyAMwn6g.html\">Interview on Bloomberg<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In his new book, &#8220;The Forgotten Depression&#8221;, Grant argues that the price mechanism (ie minimal or no Fed intervention) is a far more effective way to clear markets and allocate capital than an activist Fed. Grant&#8217;s book focuses on the &hellip; <a href=\"https:\/\/envisionco.net\/?p=736\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-736","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=736"}],"version-history":[{"count":1,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/736\/revisions"}],"predecessor-version":[{"id":737,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/736\/revisions\/737"}],"wp:attachment":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}