Beavah 205 Posted November 7, 2011 Share Posted November 7, 2011 The simple fact is that many decades of rising housing prices and government encouragement of debt made everyone sloppy, careless and stupid. That's why bubbles happen.... But right now ---- WHEEE! Go for it! Nah, that's not why bubbles happen. Bubbles have been happening since the dawn of economics, long before government-driven stuff. They happen because humans tend to be herd animals, and stupid, and greedy when left to their own devices. And a bit too optimistic to boot. Da "WHEE! Go for it!" mentality is an individual one. Democratic governments just follow da sentiments of a majority of their citizens when da greedy herd starts stampeding. It's da nature of democracy. Beavah Link to post Share on other sites
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