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Regardless of my opinion on whether or not we're in a bubble, the argument of "it's different this time because..." is used in the build up of every bubble we'v
by ajiang 13y ago
Regardless of my opinion on whether or not we're in a bubble, the argument of "it's different this time because..." is used in the build up of every bubble we've ever experienced.
Stock bubble? Economic stability and the wonderful controls the Fed has on monetary policy. No more economic cycles.
First tech bubble? The internet is a wonderful thing we haven't had before - new opportunities, etc.
Everything is different until it isn't.