3 ms·
It seems to me that in recent history; Every time the masses get easy access into something that historically had a high barrier to entry -- You get a huge boom
by joeblau 10y ago
It seems to me that in recent history; Every time the masses get easy access into something that historically had a high barrier to entry -- You get a huge boom and a huge crash.
Back in late 90's when everyone was starting a company with no product at all. Back in the mid 2000's when people were buying houses with no income verification.
If there is anything that is going to lead to the next bubble, this might be it.
- anigbrowl 10y agoMost likely, but at least I have the skills to cash in on this one (by delivering a product that this makes easier to finance, not by ripping anyone off). In any case, when the primary national objective becomes the construction of a gigantic wall regular economic logic has already departed via the window.