The Fed's airheaded bubble orthodoxy By Steven Pearlstein Friday, November 13, 2009 The Federal Reserve is still going through its "lessons-learned" exercise from the recent financial crisis, but there's one lesson it clearly has not yet absorbed -- the one about ignoring and enabling credit bubbles.
The Rich Get Rich and the Poor Get Poorer--on…
The Fed's airheaded bubble orthodoxy By Steven Pearlstein Friday, November 13, 2009 The Federal Reserve is still going through its "lessons-learned" exercise from the recent financial crisis, but there's one lesson it clearly has not yet absorbed -- the one about ignoring and enabling credit bubbles.