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The podcast explores the economic boom and subsequent crash in Ireland during the late 1990s and early 2000s. It highlights the sudden transformation of Ireland from one of the poorest countries in Western Europe to one of the wealthiest, fueled by foreign investment, local taxes, and European subsidies. The podcast mentions extravagant stories of excess during the boom, such as taking stretch hummers to concerts and being offered money to walk on New Year's Eve. However, the episode also delves into the dramatic crash that followed, resulting in unfinished ghost estates and negative equity for many homeowners.