Every generation finds something new to bet everything on. Then they act surprised when it stops working.

From Dutch tulip mania and England's South Sea Bubble to Spain's silver empire, the Amazon rubber barons, Nauru mining its entire island into a moonscape for fossilised bird poo, Iceland's banks collapsing within a week in 2008, and the $725 billion being spent on AI infrastructure against $12 billion in consumer revenue, this is the complete(ish) history of economic bubbles and the remarkable human capacity to learn absolutely nothing from any of them.

Plus: what you can actually do to make yourself as economically invulnerable as possible before the next one arrives.

⁠⁠⁠⁠https://www.patreon.com/HistorysGreatestIdiots⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠


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Artist: Sarah Chey

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