This article is part of the On Tech newsletter. We’re more than 10 years into a technology gold rush that in some corners makes absolutely no sense. But collectively, tech manias do bring some good. The book identifies three root conditions present in bubbles: Borrowing money is cheap or people have a lot of money saved up. It gets simpler to buy and sell assets, like what’s happening now with stock trading apps including Robinhood.

Source: New York Times April 05, 2021 16:52 UTC