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Bubbles are incredibly inefficient, they send huge amounts of very valuable resources (money, but also things like people, creativity, press attention) into sit
by CPLX 11y ago
Bubbles are incredibly inefficient, they send huge amounts of very valuable resources (money, but also things like people, creativity, press attention) into situations where they are ultimately squandered. They are like wars, they can waste the promise of an entire generation, never to be recovered.
Nobody wants to see a collapse for collapse's sake, but there is quite a bit of social good in avoiding or deflating an asset bubble, be it in residential mortgages or late stage technology companies.
- paulpauper 11y agoAs if the government does a better job managing money, which is why the concept of 'exit' is appealing to some in Silicon Valley. New technologies emerge from bubbles. The only way to do away with the boom bust cycle is to do away with capitalism itself.
- TeMPOraL 11y agoYou don't have to argue for government to notice that bubbles are inefficient and therefore not desirable.
- federico3 11y agoTHIS