What may surprise you is that one of the reasons there will
certainly be future bubbles is that the Federal Reserve has done
such a good job of taming inflation and stabilizing the economy.
That environment, as it happens, is a perfect petri dish for the
kind of speculation that gives rise to financial bubbles. That’s one
of the unexpected downsides of the victory over inflation.
certainly be future bubbles is that the Federal Reserve has done
such a good job of taming inflation and stabilizing the economy.
That environment, as it happens, is a perfect petri dish for the
kind of speculation that gives rise to financial bubbles. That’s one
of the unexpected downsides of the victory over inflation.
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