Market Monetarism and The Future of Monetary Policy with Scott Sumner
Village Global Podcast
00:00
Tax Stocks Crash in Two Thousand One and Two?
This is not just idle conversation in our industry, because we've hadtito a bull run for quite some time. And right now there's more money being to float into, float into start ups at higher valuations, higher prices. So i would argue both that, in some sense, the market was kind of rational in two thousand to be optimistic about tech,. But also, there was a very real prospect of a cyclical downtern like o these things go in waves and there's going to be some periods where they do better than others.
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