The History Podcast #10
Download Podcast - BubblesOn Today's History Podcast, Mr. Jackson explains economic bubbles. We discuss the reason for economic bubbles and examine past economic bubbles.
Some economists do not believe economic bubbles exist, but others, notably Noble Prize winner Robert Shiller, believe they do and can explain exactly how they occur.
Shiller accurately predicted the Dot Com Bubble and Housing Bubble. This New York Times article succinctly summarizes his philosophy on predicting bubbles. Are we in a bubble right now? Don't ask us, we didn't win a Noble Prize.
Side Note: The economist he is splitting the Noble Prize with claims that economics bubbles don't exist. Go figure.
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