Alpaca Bubble Bursts

While tragic, the alpaca bubble was by no means unprecedented. In their 2006 paper, which they followed-up with another study in 2012, Sexton and Saitone noted that bubbles like these are common in agriculture. Not long before the alpaca bust, ostrich farmers were investing in their farms, preparing for the day when ostrich burgers were as common as beef burgers. And, in fact, agricultural speculative bubbles stretch far back in American history, to the pre-Civil War Era (Merino sheep, Berkshire hogs, Broom corn, and Rohan potatoes.)

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