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	<title>Robert C Green II .com &#187; bubble</title>
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		<title>The Tech Bubble</title>
		<link>http://www.robertcgreenii.com/2009/08/13/the-tech-bubble/</link>
		<comments>http://www.robertcgreenii.com/2009/08/13/the-tech-bubble/#comments</comments>
		<pubDate>Thu, 13 Aug 2009 13:34:44 +0000</pubDate>
		<dc:creator>rgreen</dc:creator>
				<category><![CDATA[Economics And Politics]]></category>
		<category><![CDATA[Tech]]></category>
		<category><![CDATA[bubble]]></category>
		<category><![CDATA[Capitalism]]></category>
		<category><![CDATA[Hope]]></category>

		<guid isPermaLink="false">http://www.robertcgreenii.com/?p=475</guid>
		<description><![CDATA[There is an article about the tech bubble over at the Mises Insitute this morning that is really quite excellent. Being that I am a technology worker myself, I find it very heartening to know that all those who moved to IT and the web will (hopefully) slowy die away. My favorite quote from this [...]]]></description>
			<content:encoded><![CDATA[<p>There is an <a href="http://blog.mises.org/archives/010450.asp">article</a> about the tech bubble over at the <a href="http://www.mises.org">Mises Insitute</a> this morning that is really quite excellent. Being that I am a technology worker myself, I find it very heartening to know that all those who moved to IT and the web will (hopefully) slowy die away. My favorite quote from this article over at mises is:<br/></p>
<blockquote><p><em>But a violent purge is not going to happen&#8230; though I do see some &#8220;green shoots.&#8221; Not the kind the pundits talk about of course&#8230; the green shoots I&#8217;m talking about are manic hype-laden hot air businesses going bankrupt. Despite the propping up of the economy, it is happening. I give a silent cheer whenever one gives up the ghost. Die! Die worthless hype!<br/><br />
The vacuous flippers and con men continue to mill around, but subsequent bubbles are luring them away. I cheer too whenever I see one leave tech for &#8220;greener pastures.&#8221; Look! Over there! There&#8217;s a bubble in pork bellies! Go! Good riddance.<br/><br />
So I suppose that if the bubble machine stays away from our field we might finally return to sanity. &#8220;Hackers&#8221; will start innovating again, and real honest sustainable businesses run by businessmen without diagnosable mental disorders will begin once again to dominate the field.<br />
We can only hope.</em></p></blockquote>
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