william the wie
Gold Member
- Nov 18, 2009
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The kind of high tech/real estate bubbles fed by central banks we are coming out of at the moment goes back to the 1450s or even earlier. The cause of this change was the plague pandemic of the 1340s creating a labor shortage. Substituting technology for labor became a necessity. Some of the reactions to the usual stumble over a rate hike have surprised me. Is this not taught anymore?
