> Aside from the crash in 2008 There’s a strong argument to be made that the Fed caused the crash in 08 too. First by keeping rates too low for too long after

> Aside from the crash in 2008 There’s a strong argument to be made that the Fed caused the crash in 08 too. First by keeping rates too low for too long after the dot com crash, then aggressively raising them right up until things started breaking. Sound familiar? The Fed did a great job after 08 convincing everyone it did a great job managing the crisis, which I think is fair. But there’s also an argument to be made that they played a role in causing the crisis too.