Saturday, May 31, 2014

This Time Is Different

That's the theme of this post from U. of Illinois economists in response to concerns about a bubble in farmland prices leading to a bust, as we went through in the 1980's.  Their graphs are convincing, the ups and downs are of different magnitude, and the "safety net" of crop insurance is stronger (i.e., bigger) today than in the 70's.

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