Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas
293 | Doyne Farmer on Chaos, Crashes, and Economic Complexity
Doyne Farmer
So there in housing markets, you can see supply and demand imbalances that are more than an order of magnitude. And you can see, like you go through the housing crisis, we flipped from a market where there was a huge excess of demand to a market where there was a huge excess of supply and prices are responding very sluggishly to that, those much more.
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