And one of the issues the Federal Reserve has really been grappling with is deflation, which is probably more harmful than actually inflation. But in dealing with it, in printing all this money, we certainly enable the fiscal mismanagement and We create these asset bubbles. We've created an asset bubble certainly in the housing market. And you take a look at right now the stock market, I'm not saying that's a bubble right now. You take a look at valuations, it's probably not that far off. (26:49–26:54)
CLAIM
Asserts that monetary policy has created asset bubbles, particularly in the housing market.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
