Back in 2000, Mr. Bernankeaccused the BankofJapanofsuffering from "self-induced paralysis"; well, nowthe Fedis suffering from externallyinducedparalysis.
Would the Fed use a quick depression as a cure to devalue the over-priced durable goods by raising the interest rate as a catalyst to thwart off the irrational exuberance since the economy is doomed to the Self-induced Paralysis?