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by danieltillett
3629 days ago
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Not at all. We know in hindsight that the pre-2008 run up in prices was a bubble, but at the time this was debatable. I am just trying to explain to the OP that prices are set by supply and demand, but that demand may not always be rational. Personally I do think it is a good idea to try and avoid speculative bubbles in assets and the best way to do this is via taxation. |
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