This man, if you can call him that, has some nerve going on shows saying all he is saying. He's part of the reason we are in the mess.
So true. The imbecille, IMO, was part of THE problem by trying to kill the 2000 market bubble with higher interest rates, then subsequently over reacting with the resultant staglflation by lowering the interest rate by which he singlehandedly created the real estate bubble.
Unbelievably he doesn't think this has anything to do with him as he had already left the Fed. The sooner the senile old lizard slinks away to die alone and discredited the better. Right now $100,000/per dinner speaking engagements must be getting thinner so he has to shoot his mouth off. His book is in the 'half price' section for good reason.