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15min chapter
The Fraudster's Guide to Magic Money
Cautionary Tales with Tim Harford
Decoding Ponzi Schemes and Market Bubbles
This chapter explores the history and mechanics of Ponzi schemes, focusing on early figures like Sarah Howe and examining notable cases like Sam Israel. It contrasts Ponzi schemes with market bubbles, emphasizing investor psychology and the impact of narratives on financial behaviors. The discussion unravels the complexities of fraud, the evolution of deception, and the distinct characteristics that separate Ponzi schemes from pyramid schemes.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode