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.
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The Rich Get Rich and the Poor Get Poorer--on…
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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.