The Fed Is Totally Open.

One Might As Well Try To Perform Brain Surgery With A Sledgehammer.

I Don't See Much Evidence Of An Equity Bubble.

A Collapse In U.s. Stock Prices Certainly Would Cause A Lot Of White Knuckles On Wall Street. But What Effect Would It Have On The Broader U.s. Economy? If Wall Street Crashes, Does Main Street Follow? Not Necessarily.

It Is Not The Responsibility Of The Federal Bank - Nor Would It Be Appropriate - To Protect Lenders And Investors From The Consequences Of Their Decisions

In Fact, The World Needs More Nerds.