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Edward Chancellor – Interest, Capitalism, & The Curse of Easy Money | #437

The Meb Faber Show - Better Investing

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Speck to Bubbles

The technology often does eventually catch up with the object of speculation. The trouble is that a huge period of time tends to elapse. And and the earlytechnology speculive ventures often collapse in the intervening period. One way of seeing a speccutere bubble is a misconception of that time period. People think that the distant future is actually just round the corner, when it is in the distant future.

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