4 ms·
> Governments don't create bubbles. Human nature does. And yet, OP just provided evidence of a case where, previously, we assumed a specific asset bubble was c
by runeks 9y ago
> Governments don't create bubbles. Human nature does.
And yet, OP just provided evidence of a case where, previously, we assumed a specific asset bubble was caused by "human nature", but in fact it looks like it was created through the government inadvertently creating risk-free speculation in options contracts for this very asset.