The Rice Crisis: Tracking an asset-price bubble in the check-out line

Screen Shot 2015-04-22 at 12.11.55 PMPrinceton economist Harrison Hong has spent much of his career working to understand how and why asset-price bubbles form, studying the dot-com bubble in stock prices from 1997 to 2000 and the run-up in global commodity prices from 2003 to 2008. His latest insights, though, come from the check-out line at your local grocery store.