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Bubbles As Innovation Accelerators

  • Article
  • Mar 3, 2019
  • #Finance #BusinessCycle
Tobias Huber
@TobiasAHuber
(Author)
medium.com
Read on Medium
2 Recommenders
2 Mentions
Given the unprecedented valuations of some tech companies and the low-volatility regime, which until recently dominated global financial markets, concerns about financial bubbles an... Show More

Given the unprecedented valuations of some tech companies and the low-volatility regime, which until recently dominated global financial markets, concerns about financial bubbles and crashes have intensified. Bubbles and their subsequent busts are predominately considered to be negative phenomena: they are often described as financially wasteful, economically inefficient, and socially destructive. Indeed, almost $6 trillion evaporated after the dotcom-collapse in the early 2000s, and the global economic system crashed when the financial bubble burst in 2008.

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David Perell @david_perell · Feb 14, 2020
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  • From ckarchive.com
If you want a shorter analysis of a similar theme, I recommend this essay on bubbles as innovation accelerators.
Dwarkesh Patel @dwarkesh_sp · Nov 27, 2022
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  • From Twitter
Extremely interesting essay by @TobiasAHuber on how bubbles boost innovation
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