#thegreatcrash1929 — Public Fediverse posts
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@pluralistic Another ... interesting ... dynamic of collapsing bubbles is of bad investments driving down good.
J.K. Galbraith notes in The Great Crash: 1929, a book I know you've read and like --- see also "bezzle".
Galbraith:
The great investment trust boom had ended in a unique manifestation of Gresham's Law in which the bad stocks were driving out the good.
#Housing #Bubbles #JKGalbraith #JohnKennethGalbraith #TheGreatCrash1929 #GreshamsLaw