Thursday, March 18, 2010

Rear-view mirror reflections from Greenspan

Many say that Federal Reserve Chief Alan Greenspan's biggest failing was neglecting to identify, and plan for, the housing bubble. Greenspan recently presented a 48-page paper that discussed this very issue.

Here's Kansas's post from today, which is a story from The New York Times.

What's your feeling on this? Can bubbles be predicted? Can we deflate an economic bubble before it pops?

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