I want to know the answer to the following question:
In the early 2000s, what type bubble did some economists believe the Fed needed to create to replace the Nasdaq bubble?
All the background I'm provided with is that "As early as 2002 it was apparent that credit was fueling housing instead of business investment as some economists went so far as to advocate that the Fed "needs to create a housing bubble to replace the Nasdaq bubble".". Is that enough to answer the question?
Answer: yes