Asset bubbles are the result of easy credit and a natural human desire to get something for nothing. The long-term increase in all prices and the occasional price explosion for certain assets occurs primarily because there is no standard for the unit we use to measure value. The dollar is an article of faith, undefined, as ethereal as fairy dust. Tinkerbelle, like the dollar, flies only if we believe she can.
Selling the Sizzle
Selling the Sizzle
Selling the Sizzle
Asset bubbles are the result of easy credit and a natural human desire to get something for nothing. The long-term increase in all prices and the occasional price explosion for certain assets occurs primarily because there is no standard for the unit we use to measure value. The dollar is an article of faith, undefined, as ethereal as fairy dust. Tinkerbelle, like the dollar, flies only if we believe she can.