>It does not seem so odd. He has worked on the subject of years.
No that part's not odd. But a longish lecture on the Depression right now by a Fed official does excite curiosity.
> Also, he seems to
>be suggesting -- based on a very quick skim -- the Fed could
>possibly unleash a
>crisis if it tries to break the bubble.
Exactly. It looks like he's criticizing the Fed for busting the stock market in 1929, and again for defending the dollar in 1931 - so it sounds like he'd like them to stay easy for nearly ever.
Doug