If Crypto Causes ‘Instability,’ It’s Because the System Is Unstable

I started reading Nobel prize-winning economist Robert Shiller’s bestselling book “Irrational Exuberance” about asset bubbles recently. Wait, I should be more specific. I started reading the third edition published in 2015, during what Shiller identified as another asset run-up. The modern classic economics text was first printed in 2000, before the implosion of the “dot com boom,” and again in 2005, ahead of what turned out to be a housing market meltdown.

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