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Economic bubbles _usually_ aren't based on things which are entirely worthless; there's generally _something_ there (just not enough something to sustain the va
by rsynnott 1y ago
Economic bubbles _usually_ aren't based on things which are entirely worthless; there's generally _something_ there (just not enough something to sustain the valuations). There are exceptions (NFTs, arguably cryptocurrency as a whole, and of course tulips), but those _are_ the exceptions.