Skip to content
Technology & Innovation

On the Bubble

Gary Becker and Richard Posner look at what created the housing market bubble of the previous decade and why financial institutions couldn’t, or wouldn’t, see it.
Sign up for The Nightcrawler Newsletter
A weekly collection of thought-provoking articles on tech, innovation, and long-term investing from Nightview Capital’s Eric Markowitz.

Gary Becker and Richard Posner look at what created the housing market bubble of the previous decade and why financial institutions couldn’t, or wouldn’t, see it. Becker writes, “There were plenty of warnings that there was a housing bubble; why did the industry ignore them? I think it was another though somewhat more complex example of rational herd behavior.”


Related

Up Next
Dozens of new species including the Pinocchio Frog, Gargoyle-Faced Gecko and Strange Pigeon have been discovered in Indonesia’s remote Foja Mountains on the island of New Guinea.