For general discussion and debate. Possible talking point: Can our economy grow without a bubble?
In the ’90s it was technology stocks. In the ’00s it was commodities and real estate. [...]
Any honest assessment of the last two economic recoveries indicates that speculative hyper-inflation of an asset class or classes was crucial to both as well as pivotal to improvement in the labor markets. [...]
Can our economy grow anymore without an asset bubble?
Read the whole thing and share your thoughts.
