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Article
When Will the Bubble Burst?
Iowa Ag Review
  • Bruce A. Babcock, Iowa State University
Abstract
High prices are their own worst enemy. Increased profit margins entice entrepreneurial investment, which results in increased production. Lower market prices inevitably follow. The magic hand of Adam Smith ensures that winners’ gains and losers’ losses will be temporary, as entrepreneurs correct market imbalances.
Citation Information
Bruce A. Babcock. "When Will the Bubble Burst?"
Available at: http://works.bepress.com/bruce-babcock/245/