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It's adorable how every generation, predictably, without fail or exception, falls victim to their day's Tulip Mania.
by kilo_bravo_3 7y ago
It's adorable how every generation, predictably, without fail or exception, falls victim to their day's Tulip Mania.
- deleted 7y ago[deleted]
- anm89 7y agoWhat's less adorable is how people repeat fictitious narratives because they bolster their worldview and make them feel superior. You know why that story sounds ridiculous? Because it's well documented that most of it never happened. https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/ https://www.smithsonianmag.com/history/there-never-was-real-...
- kilo_bravo_3 7y ago> That’s not to say that everything about the story is wrong; merchants really did engage in a frantic tulip trade, and they paid incredibly high prices for some bulbs. And when a number of buyers announced they couldn’t pay the high price previously agreed upon, the market did fall apart and cause a small crisis—but only because it undermined social expectations. That’s... exactly what I was getting on about. The article you posted exactly and precisely directly asserts what I’m asserting. A few knuckleheads pouring money into a shortsighted endeavor.