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42 sats \ 2 replies \ @SimpleStacker 7h \ parent \ on: Are Bubbles Good, Actually? (Financial Times, Tim Harford) econ
That makes sense to me. An industrial bubble just sounds like a high froth of creative destruction which could be a good thing
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33 sats \ 1 reply \ @Undisciplined 7h
Market actions are only known to be welfare improving ex ante.
Since we can always be mistaken about how things will work out, ex post reality isn't always better.
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42 sats \ 0 replies \ @denlillaapan OP 7h
thats a good summary right there, methinks
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