Conversations with an economist
Wednesday, April 5th, 2006Why did I give my blog the tagline, “In defense of irrational exuberance?” I don’t argue on behalf of investment bubbles, though they can have definite benefits down the road (for instance, the cheap, ubiquitous availability of broadband connectivity fueled by the over-investment in fiber networks). Nor would I ever suggest that self-delusion is a [...]