Laughable question of the day: “Is there any chance that the Fed can control asset bubbles?”
True answer: Control bubbles? The Fed created a series of asset bubbles over the last 16 years–tech wreck, housing wreck and QE mania– and the collateral damage of the third QE bubble is hitting the world now.
Past NBER President Martin Feldstein discusses the economy and Fed policy. Here is a direct video link.
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