Did Janet Yellen,
(1) see any problem in the housing bubble,
(2) anticipate the bursting of the housing bubble; and,
(3) anticipate its implications for the U.S. economy?
The answers are (1) no, (2) no, and (3) no.
A close look at the most recent statement from Federal Reserve Chairman Ben Bernanke after the formal announcement of QE3 a few weeks ago, plus articles and blogs in reaction…
[Editor: Once in a while, we promote a post from The Heartland Institute’s social community, The Freedom Pub, to the main “house” blog. This is one of those times. Kevin…