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IMF F&D Magazine: Top Article This Week

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TOP ARTICLE THIS WEEK

Euphoria

Financial bubbles are easy to identify after the fact. But how do you spot one in advance? It’s a question that has flummoxed generations of economists, not least the many who failed to foresee the global financial crisis. Now, with the rise of crypto assets, the question is taking on renewed relevance. Rather than engage in more or less informed intellectual speculation on the subject, we decided to consult the preeminent expert on bubbles: John Kenneth Galbraith.”

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