With today’s high stock market multiples and current crypto craze, a great deal of ink is being spilled about bubbles. In an attempt to make their reportage more interesting, financial journalists and op-ed writers often put a speculative episode in the fundamentally inexplicable bubble pigeon hole.
from Forbes Real Time https://www.forbes.com/sites/stevehanke/2018/03/06/on-public-private-partnerships-john-law-the-mississippi-co-a-cautionary-tale/
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