The Myth of the Dutch Speculators

Josephknollwalker.com: Were speculators in the early 17th century irrational? He says they found a new product, like many other new products, which were coming into the Netherlands at the time from foreign places. The crash was not very predictable, especially as something like this had never happened before., he adds. Josephknoll Walker: I wouldn't consider it to be irrational.