On the recordFebruary 24, 2009
I believe it is a combination of a very loose monetary policy, a very loose fiscal policy, a very loose trade policy, all coupled with deregulation, that created the seed bed for bubbles to form.
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congress.govI believe it is a combination of a very loose monetary policy, a very loose fiscal policy, a very loose trade policy, all coupled with deregulation, that created the seed bed for bubbles to form.
Conrad discusses the causes of economic bubbles and their consequences.
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I do, and I made that argument to the commission, and others on the commission made some of the points that you are making now.
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