Uh-huh… From Time’s extended interview with the Man of the Year:

So, I’m a fringe economics type, I’m not personally, but I’m saying a reader picks up TIME Magazine, and they see this and they go, oh, my God, Ben Bernanke, low interest rates caused this whole thing. He’s just an extension of that devil man, Alan Greenspan. Low interest rates, this is the whole cause. What’s your bullet answer to that? BB: It’s hard to give a bullet answer.

Myth-busters answer. BB: Monetary policy in the early part of this decade was accommodated for good reasons. There was a recession in 2001, there was the jobless recovery, inflation was very low. Keeping interest rates low to get the economy back on track was a reasonable thing to do. I think there are a lot of forces that led to the crisis, a whole range of things were relevant there. I don’t think that monetary policy was a particularly important source of the crisis.

This guy seriously doesn’t think (or won’t acknowledge) that low interest rates fueled the housing bubble? I guess it makes sense, as he doesn’t see any froth on the horizon today.

Related: Greenspan Was NOT Free market