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The author seems to go through great lengths to call a phenomenon where people bought something to sell it for a higher price followed by a sudden collapse in s
by contravariant 9y ago
The author seems to go through great lengths to call a phenomenon where people bought something to sell it for a higher price followed by a sudden collapse in said price, something other than a bubble.
- shitgoose 9y agoauthor never said "it is not a bubble". he said "the story is mostly wrong".
- contravariant 9y agoIf the Tulip mania was in fact "a Dutch financial bubble" then it seems to me the story is mostly right. Apparently some aspects like the government stepping in or the Dutch economy suffering may have been embellished a bit, but I've only ever heard those parts from people who claim the story has been embellished.