


alishadabmehr
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since Aug 31, 2019
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John H. Cochrane god of asset pricing: So, what's up with Bitcoin? Is it a "bubble?'' A mania of irrational crowds? It strikes me as a fairly pure instance of a regularly occurring phenomenon in financial markets, one that encompasses some "excess valuations" in stock markets, gold and commodities, and money itself. Let's put the pieces together. The first...
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