Thursday, September 17, 2009
A number of interesting polls were spotted today. At the Wall Street Journal, despite assurances to the contrary expressed earlier in the week by Federal Reserve chairman Ben Bernanke, almost 80 percent of all respondents said the current recession is not yet over. And an ABCNews poll showed that half of all Americans think we're going to have another crisis. But, this one from The Economist was my favorite.
A better question might have been whether central banks should allow asset bubbles to form in the first place. Catching them in their gestation period is likely to be much easier than deflating them once they've already grown large enough to be called "asset bubbles".