If Crypto Causes ‘Instability,’ It’s Because the System Is Unstable

If Crypto Causes ‘Instability,’ It’s Because the System Is Unstable
I started reading Nobel prize-winning economist Robert Shiller’s bestselling book “Irrational Exuberance” about asset bubbles recently. Wait, I should be more specific. I started reading the third edition published in 2015, during what Shiller identified as another asset runup. The modern classic economics text was first printed in 2000, before the implosion of the “dot com boom,” and again in 2005, ahead of what turned out to be a housing market meltdown.Shiller, you may not be surprised to learn, is not a huge fan of cryptocurrencies. He’s said interest in the sector is part of the “Wild West” mentality across…