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LIVE: The Myth of the Million Dollar Tulip Bulb
Cautionary Tales with Tim Harford
Charles MacKay and the Railway Bubble
Charles MacKay had a front row seat for the largest speculative bubble in British history. The railway mania was even bigger than the South Sea bubble, and MacKay obviously knows that but can't quite bring himself to say so directly. Blood and Gold is the story of how Joaquin Murietta becomes a legend after he takes up the life of an outlaw during the California gold rush.
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