Read_543 – There Never Was a Real Tulip Fever [Smithsonian Magazine]

“For decades, economists have pointed to 17th-century tulipmania as a warning about the perils of the free market. Writers and historians have reveled in the absurdity of the event. The incident even provides the backdrop for the new film¬†Tulip Fever, based on a novel of the same name by Deborah Moggach.
The only problem: none of these stories are true.” – Lorraine Boissoneault

What if every single time Bitcoin critics derided the Bitcoin phenomenon as nothing but market madness, a mirror of the obvious insanity of the Tulip craze in 17th century Dutch markets… what if they were actually referring to something that never really happened? What was the Tulip bubble really and was it exactly what it was made out to be? Or something far more boring?

Dont miss this excellent article from Smithsonian Mag and author Lorraine Boissoneault that digs into the truth behind the myth, and about the not so manic Tulip Mania.

Link the the original article, plus the source work by Anne Goldgar who did extensive research and found out the truth behind the myth:

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