Economist’s View: Should We Pop Bubbles?
Guillermo Calvo and Rudy Loo-Kung argue that the benefits of bubbles almost always outweigh their costs (and thus there’s no need for regulation to prevent them).
Guillermo Calvo and Rudy Loo-Kung argue that the benefits of bubbles almost always outweigh their costs (and thus there’s no need for regulation to prevent them).