“Tulipomania” and the Madness of Crowds


Reading the chapter called “Tulipomania” from Charles Mackay’s “Extraordinary Popular Delusions & The Madness Of Crowds” can give us a greater insight into what we think is money, the machinations around it – and the growing bitcoin bubble.

Notes/Links:

Monarchy Marketplace: Buy “Extraordinary Popular Delusions and the Madness of Crowds” on Amazon and Support Our Work
http://amzn.to/2mPeGmw

Wikipedia: Extraordinary Popular Delusions and the Madness of Crowds
https://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds

Wikipedia: Tulip Mania
https://en.wikipedia.org/wiki/Tulip_mania

The man who disappeared after people said he was the inventor of Bitcoin has a crazy theory that the tulip bubble wasn’t actually a bubble
http://www.businessinsider.com/craig-steven-wright-alleged-bitcoin-founders-theory-on-tulip-mania-bubble-2015-12

The Bizarre Saga of Craig Wright, the Latest “Inventor of Bitcoin”
http://www.newyorker.com/business/currency/bizarre-saga-craig-wright-latest-inventor-bitcoin

All-Star Panel: Ed Moy, Joseph VaughnPerling, Trace Mayer, Nick Szabo, Dr. Craig Wright
https://www.youtube.com/watch?v=LdvQTwjVmrE

The Onion: U.S. Economy Grinds To Halt As Nation Realizes Money Just A Symbolic, Mutually Shared Illusion
http://www.theonion.com/article/us-economy-grinds-to-halt-as-nation-realizes-money-2912