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LIVE: The Myth of the Million Dollar Tulip Bulb
Cautionary Tales with Tim Harford
Chulips or Railways?
Are we looking at Chulips or railways? And if we really knew, would that help? Charles MacKay made it seem easy to spot a financial bubble. But perhaps it wasn't as easy as he thought. The railway bubble was about to burst in a catastrophic fashion. Cautionary tales will return in a moment.
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