The Relationship Between Asset Price Bubbles and Innovation

Mark O'Mara: The two topics or themes that recur a lot on this podcast are number one asset price bubbles, especially housing bubbles, and number two innovation. He says the odds of any one experiment finding a breakthrough technology is 1 in 10,000 but you can still beat those odds if you have 10,000 different individuals running different experiments. "We need more dissidents," he says; government should not try to get people to conform other than basic human needs.