EP 23: Boom and Bust (with William Quinn & John D. Turner)
Library of Mistakes
Financial Bubbles and Market Speculation
This chapter explores historical financial bubbles, such as the 1825 crisis and bicycle boom, as well as more recent examples like the dot com bubble. It discusses the factors that contribute to these bubbles, including credit availability and investor speculation. The chapter also addresses the marketability of securities and the impact of technology on stock prices.
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