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The Bubble Anecdote

May 19th, 2008 · No Comments

Once there was a little island country. The land of this country was the tiny island itself. The total money in circulation was 2 dollars as there were only two pieces of 1 dollar coins circulating around.
CONTRIBUTOR’S NOTE:
Someone passed on this “anecdote”. Author unknown. Interesting reading. Minor modifications.
It describes how an ‘asset bubble’ builds up [...]

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Tags: Rants