Take 75 seconds to watch this Ikea ad? How was it not on the Super Bowl? (Thanks, Mel!)
I once had the opportunity to write this foreword to Charles McKay’s 1841 classic, Popular Delusions and the Madness of Crowds. The iconic madness? “Tulipmania” in 17th Century Holland. Yet according to this just-published research by Anne Goldgar, the story that’s been passed down over the years has been blown way out of proportion.
Still: one tulip bulb selling for as much as “a well appointed house”? Maybe not that far out of proportion.
Just not a devastating bubble that ruined masses of people — anymore than whoever today buys a signed urinal for more than $1 million is likely to be ruined if it falls in value (and relatively few people do).
It was more like Beanie Babies.
Oh, and by the way? We are under attack. We are losing. Putin is winning. As Tom Friedman puts it: This is code red.
Quote of the Day
Wealth is the parent of luxury and indolence, and poverty of meanness and viciousness, and both of discontent.~Plato
Request email delivery
- Apr 25:
Around the World In 30 Minutes — For $1,500
- Apr 24:
New Power / Brain Power / Flower Power
- Apr 23:
Two Minutes on Golf
- Apr 20:
Getting Your $4,000
- Apr 19:
Not About Trump
- Apr 18:
No Time For By-Standers
- Apr 17:
NYT: Not Above The Law
- Apr 14:
TED: Living Forever — And Making Bail
- Apr 13:
If Only We Had Listened
- Apr 11:
Can It Happen Here?
- Apr 25: