[klenwell]

The other thing I recall tying those two periods together was enthusiasts saying, in the face of an obvious bubble, "Well, things are different this time."

My glib summation of those two events:

- Dotcom boom deregulated (in the social and technological sense as much as the legal) investing (e.g. the rise of day-trading).

- 2000s housing bubble (pre-GFC) deregulated home-buying (subprime adjustable-rate mortgages).

Perhaps our parting assessment of the ZIRP era will be it cut to the chase and deregulated gambling.

[alexpotato]

> Perhaps our parting assessment of the ZIRP era will be it cut to the chase and deregulated gambling.

I considered mentioning ZIRP as a "anyone could get money" and glad you made the point better than I could.