AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Housing Bubble Week Epilogue: Not All Bubbles Are Created Equal - Vernon Smith
The Joe Walker Podcast
The Effects of Credit on the Asset Market
When you introduced credit that greatly exacerbated the bubbles. And in fact we didn't do very many of those because they were just so wild. If someone goes bankrupt I kind of have to eat it. But anyway yes both buying on margin and selling short, which means you're just selling borrowed shares.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode