MIND OVER MONEY bubble or flight?

I watched the documentary on PBS, "Mind Over Money."
I found a lot to disagree with.
Mainly I dispute the premise that we have just experienced a terrible financial bubble.
They start off with Tulipmania and somehow equate that with inflated house prices.
There is no comparison!

Real estate has been rising for a hundred years! That is not a bubble. That is something else.
That is a flight from the currency.
Governments around the world have been debasing their currency. That is what has been going on. People are constantly trying to get out of cash and into something that will hold its value. The best thing is income property. You get a stream of income and as the value of the money declines that income increases and the value of the asset also increases.
This is not rocket science.
This is easy and obvious stuff.

And cycles are nothing new. They are not bubbles. People habitually take on too much debt and then there is a correction. That is normal and healthy.
Every twenty years or so there are a lot of REO properties on the market. Those are bank owned properties that were foreclosed on.

Is it news that there are fools? There will always be fools. Should we all suffer to protect the fools from themselves. I am against that. Let them fall. That is the only way to learn to be responsible. People do learn. Most people do become more responsible during the course of their lives.

We are not victims of "behavioral psychology." We are able to make intelligent decisions.