Fed Rethinks Stance on Popping Bubbles

"[O]bviously, the last decade has shown that bursting bubbles can be an extraordinarily dangerous and costly phenomenon for the economy, and there is no doubt that as we emerge from the financial crisis, we will all be looking at that issue and what can be done about it," Fed Chairman Ben Bernanke said this week.

If your job is to help clean up the mess, you can't help but to have the responsibility to be preventative.

if your job is to deflate the economy, your job to also to make sure that it doesn't get dangerously inflated.

you can't have one responsibility without the other.