Yeah I think we do. I also agree with your reference to the asset bubbles. Really what I was trying to convey was the idea that sometimes the play of market forces trump those of the Fed. I think we also agree that we'd be far better off without a monopoly money producer?
We'd be far better off without a monopoly money producer? Indeed. No matter which way you meant it:
1. A money producer that has a monopoly; or
2. a producer of "monopoly money"
I knew I'd like you as soon as I saw your name!