tag:blogger.com,1999:blog-7332340.post111247710293380103..comments2024-02-28T05:22:35.956-05:00Comments on FinanceProfessor.com: What is the role of the Fed with respect to asset price bubbles?FinanceProfessorhttp://www.blogger.com/profile/05948754590238007311noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7332340.post-1113103463526521372005-04-09T23:24:00.000-04:002005-04-09T23:24:00.000-04:00I believe that Alan Greenspan, Milt Friedman and a...I believe that Alan Greenspan, Milt Friedman and a lot of other economists are scratching their heads and are just as confused as everyone else about the final chapter to this wild free trade, out of control proliferation of unsecured American dollars and mindboggling deficits personal,government and corporate. Not only does the Emperor have no clothes, I suspect the Emperor may be also virtual.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7332340.post-1113037003112524252005-04-09T04:56:00.000-04:002005-04-09T04:56:00.000-04:00I think this is an important point - particularly ...I think this is an important point - particularly when the increased in liquidity in the economy may not flow into goods' prices but may go into assets. Then, it seems to me, the rise in asset prices is telling us something about the stance of monetary policy. <BR/><BR/>Really enjoy the blog by the way - thanks.Rob Haywardhttps://www.blogger.com/profile/07408506131607521085noreply@blogger.com