The bubble-prone economy

LAT economics writer Peter Gosselin today calls the American Enterprise Institute conservative and the Brookings Institution centrist. He's wrong on both. AEI is centrist and the Brookings is liberal.

And, Gosselin has a theory: that the U.S. has a bubble-prone economy, apparently because we had a tech bubble in the late 1990s and a housing bubble in 2005-2007. Twice in two decades doesn't seem a pattern yet. And what if it is? What should be done about it? By whom? Gosselin has a solution: more government intervention. His solution will be more painful than the disease. You expect more from a supposed expert like Gosselin.