Was the 1987 stock market crash caused by irrational exuberance or can it be explained by irrational pessimism? Mercatus' Scott Sumner writes in The Hill about how tough it is to spot a legitimate stock bubble.
Was the 1987 stock market crash caused by irrational exuberance or can it be explained by irrational pessimism? Mercatus' Scott Sumner writes in The Hill about how tough it is to spot a legitimate stock bubble.