Everything You Remember About the 1990s is Wrong

Nicholas Carlson
Business Insider
6/10/2012

As we deal with an under-employment crises that refuses to go away, the 1990s are now remembered as an age of prosperity that only got out of hand in a tech bubble at the end of the decade.

But that’s not what happened at all.

Peter Thiel – the billionaire Facebook investor, former PayPal CEO, and Palantir cofounder – taught a class at Stanford this Spring.

Going through student Blake Masters’s notes on the class we discovered a lecture from Thiel on what actually happened in the 1990s.

In it, Thiel says that times were not as good as we remember them. He argues that we may have learned the wrong lessons from the tech bubble and bust that ended the decade.

We’ve lightly edited Thiel’s words to re-package the lecture as a presentation.

See the presentation at Business Insider.

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