Sabbatical Day 18

Read more of Ben Bernanke speeches and testimony while he was Fed chairman.  He claims easy money was not a major factor in the housing bubble.  And that it is very difficult to detect bubbles as they are inflating.  Yet, in rereading The Big Short, several 30 somethings were analyzing subprime mortgages and realized they would default while the Fed chairman was oblivious to the bubble.

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