“Better regulation is the key to avoiding future financial excesses, Federal Reserve Chairman Ben S. Bernanke said Sunday, arguing that the Fed’s low-interest-rate policies early in the decade were not a major cause of the housing bubble.” (Washington Post, Monday)
George Carlin on addiction: “Just cause you got the monkey off your back doesn’t mean the circus has left town.”
FEE Timely Classic:
“Financial Crisis and the Federal Reserve’s Punch Bowl” by Chidem Kurdas