Learning about bubbles is exciting. As kids we jump in the air to burst bubbles, as adults we are delighted to taste sparkling wine. It is easy to know that a bubble has burst (ex post). Many examples can be quoted in economic and social history on this. When bubbles burst hitting many persons this becomes an issue of political economy. Are we just behaving like “apes” with basic “animal instincts” as suggested by “Jan Bruegel d.J.”? Tulip mania is a part of European history and Bitcoin mania the most recent example of a bubble-like development of a specific market. How about creating your own currency. Here is how to do it. How to get drawn into a bubble can be physically experienced at Floralia-Brussels until 5.5.2019. You won’t look at tulips the same way afterwards.
more images here
More scientific discussion of bubbles and markets can be found under the following appetizer link collection:
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=572123
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2269889
https://libertystreeteconomics.newyorkfed.org/2013/09/crisis-chronicles-tulip-mania-1633-37.html
https://mises.org/library/truth-about-tulipmania
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