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Maybe, but the current "state of the art" economic thinking (as espoused by the likes of Summers, Krugman, and the rest of the neoclassical horsemen) is that we are now in a period of... wait for it.... "secular stagnation". During this period, the real "clearing" interest rates would be negative, which, of course, cannot happen. In fact, apparently we have been in this state for some time. Evidence for this is the need for bubbles in order to improve the employment situation and the increasingly poor response of the economy to previously successful stimulation procedures. In short, these people are now saying the economy has for some time been in this negative interest condition and now requires bubbles just to get by.

Given this mentality it's hard to see how these people would fail to find some way, almost any way, to create future bubbles (along with the associated blowback they inevitably bring). Their view of the economy requires it.

Economists are, for the lack of a better word, insane.

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