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HomeMIT 14.04 Intermediate Microeconomic Theory, Fall 2020Lecture 21: Bubbles
Lecture 21: Bubbles
1:05:34
What, if ever, is the role for bubbles? What to make of the recent experience in crypto currencies? Is central bank issued fiat money just a bubble? Can privately issued digital assets play a role as media of exchange? Can fiat money disappear?