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> What distinguishes a bubble from a mania is the high degree of leverage underlying the price support. This is not historically correct. Consider the South S
by TomSwirly 5y ago
> What distinguishes a bubble from a mania is the high degree of leverage underlying the price support.
This is not historically correct. Consider the South Sea Bubble, which the cryptocurrency bubble is most similar to.
- dnautics 5y agohttps://voxeu.org/article/credit-and-trading-behaviour-evidence-south-sea-bubble https://voxeu.org/article/credit-and-trading-behaviour-evide...