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Tanta at Calculated Risk has a great post on Robert Shiller's recent editorial in the New York Times. I've often taken exception to Shiller's arguments. I believe that too often he sees bubbles are serious defects in the economy, and they're the result of the moral failings of the public. Me? I just think bubbles happen. Anyway, give Tanta a read.

Posted by edelfenbein at May 20, 2008 10:25 AM