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This book provides a thorough discussion of the nature and history of booms, bubbles and busts in the financial markets. The first part of the book deals with the origin of financial bubbles and how they develop and eventually collapse. It also deals with a variety of related issues such as monetary and fiscal policy, inequality, debt and taxes. The second part of the book examines a number of historical financial bubbles ranging from the roaring 1920s, the savings and loan scandal of the 1980s, the dot.com bubble in the 1990s to 2001 and most recently the real estate bubble of 1997 to 2007.
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