In response to BIS Slams the Fed; Ridiculous Question of the Day: “Is The Fed Going To Attempt A Controlled Collapse?” a number of people commented the Fed cannot be so stupid as to think there is no asset bubble. Here are some examples: Gordon says ” The Fed is not stupid and yet many think they are. They know there is a bubble but what good will it do if they announce it and the bubble bursts?” JFHogan says “Nobody could be stupid enough to believe that money printing will create wealth.” R2bzjudge says “If I can understand there is an asset bubble, so can the Fed. Ax123man says “There is no way on earth Paul Krugman could actually believe (deep down) the things he says publicly”