Peter Thiel on Irrational Faith in Economic Growth

Of the financial crisis, Thiel says, “Certain assumptions were just wrong. One was that housing prices would always go up. And that is probably a true assumption in a world where you have massive growth. When you don’t have growth, it’s not true…the reason they made that mistake is because you can’t have growth if there’s no progress on the technology front.”

See more here. 


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