Much has been made of bubbles in recent years. The late 1990’s saw the technology bubble, quickly followed by a real estate bubble that resulted from easy-money policies designed to stimulate recovery from the technology recession. Each time that a bubble emerges, it...
Tulip mania was a period in the 17th century during which Dutch contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed. At the peak of tulip mania, in February 1637, some single tulip bulbs sold for...
