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Greenspan claims the Federal Reserve can't prevent bubbles, that these excesses of ebullience are part of the natural order of a free economy.
FORBES: Fact and Comment
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We have a foundation economically upon which to build in the 21st century that doesn't rely on financial bubbles or housing bubbles or .com bubbles, but relies on strength in our manufacturing sector, strength in education, strength in innovation and strength throughout the country economically.
WHITEHOUSE: Press Briefing
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Greenspan and Bernanke cutting rates to zero, twice, didn't create any debt levered priced bubbles.
FORBES: Intelligent Investing Briefing Book