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A comment on The Economist Debates: Are we in a new tech bubble?. Parent comment

Re:The Economist Debates: Are we in a new tech bubble? by yesbabyyes on Tuesday June 14, 2011 @04:14PM (#2654565)
That sounds reasonable. So why did people buy tulip bulbs instead of land in the Netherlands?
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Re:The Economist Debates: Are we in a new tech bubble? by tybris on Tuesday June 14, 2011 @05:52PM (#2654938)
Land was being mass produced in the first half the 17th century. My guess is that people couldn't imagine running out of land because you could keep reclaiming it from the sea, but they could imagine running out of tulip bulbs. Thus they undervalued land, and overvalued tulips.

Similarly, during the .com bubble, people couldn't imagine a slightly improved search engine would be worth anything, but an online grocery store seemed like a gold mine.

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Re:The Economist Debates: Are we in a new tech bubble? by yesbabyyes on Wednesday June 15, 2011 @03:34AM (#2656315)
Makes sense. Thanks!
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