Greetings Economists, Bernanke appears to then want to do what it takes to 'bust' the bubble, because if there is no bubble what does an anti-inflation policy mean? That inflation is the danger, a none existent bubble is no threat.
This reflects quite a bit of reflectance on the subject over the last at least year by Bernanke. Since housing assets would fall less spectacularly perhaps this would not feel like a crash in their opinion. In my view the worse is likely to happen, so that more generalized situation feeds into the various other failures that Bush has piled up, Clinton fostered, and Kerry helped along. Various neo-liberal activities/failures being small enough to take in stride in terms of the U.S. size, still there is widespread disapproval of various botches. Thank you indeed Mr Bush, so much easier to reject you than the Kerry! I would guess the noises about a new Cold War with China is not likely to get very far given a bubble bust. What precisely would those tensions lead to, containment of cheap labor? Hence the growing need for a significant U.S. re-alignment since how can any corporation not function without cheap world labor. Bernanke digs the grave of neo-liberalism. Some on the left see hidden good in Bernanke being hoist to power. Perhaps, not directly, since it is hard for me to see any of them silly birds of a feather really ready to turn the U.S. away from neo-liberalism, but someone must begin things turning at some point I'm sure. thanks, Doyle
