So long, Yellen

Uh-oh. Chairman Yellen assured us today that she does not believe that there will be another financial crisis “in our lifetimes.”

You may recall another perfectly timed assurance by a high-powered economist:

The stability of the economy is greater than it has ever been in our history.  We really are in remarkable shape. . . .The United States is at the peak of its performance in its history.  There has never been a time in the United States when we have had the state of prosperity, its level...