Frederic Mishkin says not all bubbles are a threat to the economy (link):
“Nonetheless, if a bubble poses a sufficient danger to the economy as credit boom bubbles do, there might be a case for monetary policy to step in. However, there are also strong arguments against doing so, which is why there are active debates [...]
:: Tuesday, March 16, 2010
To stem foreclosures and keep people in their homes in a socialist mind set is not
enough, we need to have a free market based stimulus plan to get people to come back to
the real estate market to ensure on-going prosperity. Our country’s and hence the global
economic prosperity hinges on the continuing consumption power of the [...]
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