Remember those days of not that long ago when Allen Greenspan was chairman of the Federal Reserve?  Recall that the well known student of Ayn Rand objectivism was called The Bubble King?

Bubble King!  What a ring it has and how the name was deserved since Greenspan richly earned it.  America marched in lockstep to the bubble scheme of the moment.  

America had the dot com bubble at one point.  There were those cheerleaders on CNBC from Wall Street who kept telling us that only the doomsayers were saying that those dot com stocks were overvalued, urging Americans to buy more.

As is the case with bubbles, they turn into busts, and those alleged doomsayers were correct.  Just ask Bill Gates about the plummet that his Microsoft stock took after the smoke puffs vanished and the cold, harsh wind of reality set in.