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How do you explain things like the .com boom when interest rates were "normal"? The answer is always going to be some variation of "the goshdurned gubmint". Ma
by ubernostrum 10y ago
How do you explain things like the .com boom when interest rates were "normal"?
The answer is always going to be some variation of "the goshdurned gubmint". Maybe interest rates, maybe someone read Greenspan's tea leaves which he deliberately left sitting out to cause "malinvestment", maybe something else entirely.