WiM023 - The Frisby Series | Episode 4 | Technology and Cyclicality
The "What is Money?" Show
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We Need Bubbles
Every time you get a new technology, there's an investment frenzy around it. A bubble is an easy way of dismissing something that you have. But we need bubbles because they accelerate investment. You knowthere's a bubblein commodity ecause old commodities go down and then up again. And so loads of new energy supply is created. So I don't thinkbubbles are such a bad thing in the long term.
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