The Mirage of Money (or, NFTs, WTF?)

Now & Then

Vox Media Podcast Network

News, Society & Culture, History, News Commentary

4.9 • 3.7K Ratings

🗓️ 7 June 2022

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Why have NFTs captured the American imagination? What can the recent instability in the NFT market tell us about the history of speculative bubbles? Heather and Joanne put the NFT craze in context with other American financial booms & busts, from the Panic of 1792, to the 1890s Yukon Gold Rush, to the late 1990s dot-com bubble. Join CAFE Insider to listen to “Backstage,” where Heather and Joanne chat each week about the anecdotes and ideas that formed the episode. Head to: cafe.com/history For more historical analysis of current events, sign up for the free weekly CAFE Brief newsletter, featuring Time Machine, a weekly article that dives into an historical event inspired by each episode of Now & Then: cafe.com/brief For references & supplemental materials, head to: cafe.com/now-and-then/the-mirage-of-money-or-nfts-wtf Now & Then is presented by CAFE and the Vox Media Podcast Network. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey folks, Heather here.
0:03.6	And Joanne too.
0:04.9	As we approach the holidays, the news keeps coming.
0:08.5	And cafe continues to offer political, legal, and historical context to help make sense
0:13.8	of it all.
0:14.8	Cafe Insider helps you stay informed about important issues so you can make sense of
0:19.8	the latest headlines not just in your head, but also at the dinner table.
0:24.6	Members get access to exclusive content, including the Cafe Insider podcast, hosted
0:29.9	by Pete Barara and Joyce Vance, as well as bonus content from StayToon with Pete and from
0:35.5	our podcast now and then.
0:38.0	From now through the end of November, you can get 50% off the annual membership price by
0:43.2	heading to cafe.com slash history.
0:47.2	That's cafe.com slash history.
0:50.5	We hope you'll join the conversation and become a member of the Insider community.
0:59.3	From Cafe and the Vox Media Podcast Network, this is now and then.
1:07.2	I'm Heather Cox Richardson.
1:09.0	And I'm Joanne Freeman.
1:10.8	Today we're going to talk about a topic in a general way that is about big booms and busts,
1:19.2	things that people invested in wildly and then just as readily lost big amounts of money.
1:26.5	And one of the things that led us into talking about this is something that I will readily
1:32.1	acknowledge right here at the beginning of this episode.
1:36.2	I read about it.
	...

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