How an Austrian Economist Explains The Tulip Bubble
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 11 September 2017
⏱️ 34 minutes
🧾️ Download transcript
Summary
The tulip bubble is the quintessential bubble. If you want to call something a bubble, just mutter something about tulips, and everybody will know what you're arguing. But what was the tulip bubble, really, and how did it form? To get a unique perspective on this historical episode, on this week's podcast we speak with Douglas French, an adherent of Austrian economics, and the author of a book on Tulip Mania. He argues that like many bubbles subsequently, this historical episode can be traced to bad monetary policy, which encouraged reckless speculation.
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| 1:16.0 | So Joe did you know I went to Amsterdam this summer? |
| 1:20.0 | I think I recall seeing some Instagram's that looked pretty awesome. |
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| 1:30.4 | but I gotta say they take flowers pretty seriously there. |
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