2min chapter

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#117 – David Denkenberger on using paper mills and seaweed to feed everyone in a catastrophe, ft Sahil Shah

80,000 Hours Podcast

CHAPTER

Is It Animal Spirits or Fundamental Price Shifts?

If you believe in sort of keen animal spirits, and the price of something not being what it's actually worth, then you start to see why bubbles occur. People might speculate just because they'll make mon in their interim rather than actually looking at the underlying value of the asset. It is also influenced by policy as well. So for example, if we look at buy a few mandates on crops such as corn, in places like the us, these changes in policy can have huge impacts and price shifts too.

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