It’s not often we’ll lead with a link but in this case, there’s not much to saythat hasnot already been said. Read it. It’s one thing to pontificate about successes, and an entirely different thing to predict it. Ed may well be the George Soros, John Paulson, and Mike Burry of the basketball world. And Jeremy Lin may in fact be the biggest thing since sliced (white) bread. Rap videos. Lin-finite endorsement potential. Viral video skits. How big can #Linsanity grow before the bubble bursts?
Trust me, as an economist (does that inspire trust?) I can assure you that all this Lin hype is in fact a-bubb-lin. While I believe he’ll settle down as a good player, what happens when the lin-troductory promotional period ends and he’s just an Asian-American point guard piloting another 50 win team? Subprime gave us Simpson-Bowles, Dodd-Frank, and a real estate market that makes the Gulf of Mexico, BP-edition, look like a kiddie pool at Sea World. What will Jeremy Lin do for America?