Growth is a lagging indicator. By the time the economy is growing too fast, it's too late to yank on the brake. Or maybe we need a little more boom and bust to

Growth is a lagging indicator. By the time the economy is growing too fast, it's too late to yank on the brake. Or maybe we need a little more boom and bust to stay healthy, like the occasional isolated brush fire that prevents the whole prairie from going up in flames. It could be that Greenspan kept us too steady for too long. Mini-crashes burn away the rotten companies. Ok, I've changed my mind -- you're right, let it heat up.