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The Bubble Decade


Last night CNBC premiered “The Bubble Decade” with host David Faber looking back at the three boom-and-bust episodes of the past 10 years–tech, real estate and private equity. It will replay Sunday and no doubt many more times in the coming weeks and months.

Leaving aside the analysis at the end, the program is quite good. No, the Austrian Business Cycle Theory is not considered, but John McAfee’s story, in particular, is extraordinary and gives one a peek into the entrepreneurial mind.

Douglas French is former president of the Mises Institute, author of Early Speculative Bubbles & Increases in the Money Supply , and author of Walk Away: The Rise and Fall of the Home-Ownership Myth. He received his master's degree in economics from UNLV, studying under both Professor Murray Rothbard and Professor Hans-Hermann Hoppe.

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