alt Hacker NewsThe question is not "is it a bubble". Bubbles are a desirable feature of the American experiment. The question is "will this bubble lay the foundation for growth and destroy some value when it pops, or will it only destroy value"
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themafia • yesterday at 8:48 PM
> Bubbles are a desirable feature of the American experiment
Wild speculation detached from reality which destroys personal fortunes are not "a desirable feature."
It's only a "desirable feature" to the nihilistic maniacs that run the markets as it's only beneficial to them.
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Pretty good article until the bizarre post-script where they fall back on the tired "people derive meaning from their work" for why UBI is bad.