https://www.youtube.com/watch?v=7XtnZDNXCKM
http://www.imdb.com/title/tt3332308/
Terry Jones guides us through the history and the nature of the economic boom-bust cycle and why people repeatedly ignore it to their sorrow.
http://boombustclick.com/
http://www.imdb.com/title/tt3332308/
Terry Jones guides us through the history and the nature of the economic boom-bust cycle and why people repeatedly ignore it to their sorrow.
http://boombustclick.com/
“Boom Bust Boom” is at its best when illustrating some of history’s worst economic meltdowns. It has informative and fun depictions of the 1637 tulip mania in the Netherlands, the crash of the South Sea Company in early 18th-century Britain, and the 19th-century speculation in (and fantastic crash of) British railroad stock. It also describes how the heights of speculation in the 1920s led to the lows of the Great Depression, and, finally, the hard lessons of the 2008 mortgage crisis. Every time is the same: Euphoria over rising prices leads to speculation, which ends with a crash.
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