Some of the giants of tech are debating on whether or not we are in a "bubble". The talk is mostly based on price and valuation. No talk about inflation, Federal Reserve money supply manipulation, and of course nothing on malinvestment. I think approaching this from an economic point of view might be cause for a discussion.

My thoughts are simple... credit expansion and manipulation of the interest rate from the Federal Reserve causes malinvestment. We saw this during the original dot com boom and more recently the housing bubble. Is the heavy investment by Venture Capitalists a reason to call this a bubble? Perhaps, but I'm not convinced.

Of course when the government starts handing out loans to private individuals and they being investing in companies, stock, etc there may be cause for concern but at this point I'd say Student Loans are the new bubble. Not tech companies (yet).

The whole "Bubble" visual is misleading to me, almost euphemistic. Truth is, it's just booms and busts. All artificially magnified by central planners trying to smooth it out.

Addressing the issue of whether there's a "bubble" specifically in tech startups, I think it's a resounding yes in almost all consumer-facing markets. The shift to mobile is a) device- and platform-dependent and b) not clearly monetized. Where there's real and sustainable growth is in companies that focus on data structuring and metadata. Investments in how content and communication are organized in a non-platform dependent manner are valuable even down the line (i.e. in a wearable computing-enabled world). Developing tools for enterprise that can make that technology investment now, rather than focusing on raising capital to develop consumer-facing products and features for existant devices and usecases, is much more interesting.