Everything is Just Fine
Cognitive Dissonance In May of 2006 at the height of the housing bubble, then Fed Chairman Ben Bernanke gave a speech at the Federal Reserve Bank of Chicago’s 42nd Annual Conference on Bank Structure and Competition. https://www.federalreserve.gov/newsevents/speech/bernanke20060518a.htm. In the Q&A session he commented—”Rapid appreciation in house prices has made homeowners feel wealthy and has powered … Read more