It was depressing, very depressing. I worried about how I would make a living. I didn't want to stay on the farm. It didn't offer the challenge I wanted and yet, without a college education, I felt that I was really out of luck.
The goal of long-run economic growth without asset price bubbles is not only achievable, but is something we should expect if we put a sound regulatory framework in place and if policymakers remain vigilant.
