3 ms·

Your point is well taken. I think I just don't agree that government stepping in is the only way to end the cycle. Seems to me it can/will die of natural caus

• mmt 8y ago
  But what bubble? Where's the irrationally increasing asset values at a macro level? Where's the "greater fool" that's buying it all up? Without that, there's nothing to burst. Moreover, this has been going on for so long, at least since (before) the dot-com boom, and we've had quite a few economic downturns. It's not very credible that any bubble would survive that.