Golden sparks are raining down on the Great Lafayette’s famous vaudeville show, “The Lion’s Bride”. They look like they’re part of the performance. They aren’t — and soon the theater is ablaze. The manager has to figure out how to save the 3000 audience members, now trapped in a burning building. Thirty-five years earlier, the Brooklyn Theatre had gone up in flames too. The terrified spectators became a frantic, trampling mass, and hundreds perished in the flames and smoke. Panic in an emergency can kill. But keeping calm can also be lethal. For a full list of sources for this episode, go to timharford.com If you’d like to keep up with the most recent news from this and other Pushkin podcasts, be sure to sign up for our email list at pushkin.fm.See omnystudio.com/listener for privacy information.

Recorded before an audience at the Bristol Festival of Economics (11/17/2022) The Dutch went so potty over tulip bulbs in the 1600s that many were ruined when the inflated prices they were paying for the plants collapsed - that's the oft-repeated story later promoted by best-selling Scottish writer Charles Mackay. It's actually a gross exaggeration.  Mackay's writings about economic bubbles bursting entertained and informed his Victorian readers - and continue to influence us today - but how did Mackey fare when faced with a stock market mania right before his eyes? The railway-building boom of the 1840s showed he wasn't so insightful after all.  For a full list of sources used in this episode visit Tim Harford.comSee omnystudio.com/listener for privacy information.

As a special New Year treat we're presenting two Cautionary Tales Shorts - which have previously only been available to paying Apple and Pushkin+ subscribers.  When a Plague Struck World of Warcraft: The makers of WoW wanted to spice up the fantasy computer game by introducing a virtual disease - "Corrupted Blood". It was supposed to be a fun challenge for expert player - but the illness became a pandemic which wiped out villages, cities and then whole realms. AND Blood on the Tracks: The signalmen running a busy stretch of railroad on the Scottish border had to adhere to strict rules to prevent crashes - but did those regulations fail to take into account human nature? Despite all the logbooks, alarm bells, levers and regulations, the signalmen didn't seem to notice a packed troop train barrelling towards them. For a full list of sources go to timharford.comSee omnystudio.com/listener for privacy information.

This week, we’re sharing an episode of Imaginary Worlds. For the last 30 years, the real world has been catching up to Neal Stephenson’s vision of the future in his 1992 novel Snow Crash, which influenced the creators of Google Earth, Second Life, Oculus Rift and more. Now the centerpiece of the novel, a virtual world called The Metaverse, may become a daily part of our lives thanks to Facebook (renamed Meta) and other big tech companies. In this episode of Imaginary Worlds, host Eric Molinsky explores whether it’s a good idea to use a satirical cyberpunk novel from decades ago as a blueprint for the future.You can hear more episodes of Imaginary Worlds at https://www.imaginaryworldspodcast.orgSee omnystudio.com/listener for privacy information.

More than 100,000 families - many of them amongst the poorest in Britain - put money aside for Christmas gifts and other seasonal treats in a savings club called Farepak. It wasn't a bank, and it wasn't great value for money... and it went bust. Kids went without toys, and festive dinner tables were left bare.  Why would someone put their hard-earned money into such a scheme? And what does it tell us about how we often view Christmas as a time for frenzied spending?  For a full list of sources used in this episode visit Tim Harford.com  CAUTIONARY TALES RETURNS 6 JAN, 2023. HAPPY HOLIDAYS AND SEE YOU IN THE NEW YEAR. See omnystudio.com/listener for privacy information.

Explore the mystery of American turkeys painted on the walls of Germany’s Schleswig cathedral centuries before Columbus. Uncover the restoration efforts and controversies surrounding the medieval frescoes. Learn about the manipulation of historical facts, the restoration of Marian Kiesher murals, and the aftermath of uncovering the forgeries. Analyze the trial and the dangers of self-deception in the art world.

In a crisis most people respond with decency and solidarity. The bombing of British cities in the Second World War did not cause society to crumble as was expected, but proved instead human resilience. That defiant "Blitz Spirit" is still a source of pride for Britons... but have inconvenient facts about that time been ignored? Alice Fiennes (co-host of the podcast Bad Women: The Blackout Ripper) explains that the chaos and disruption of the bombing allowed some people to commit awful crimes - and especially a trainee RAF pilot who embarked on a vicious killing spree under cover of darkness.    Find Bad Women: The Blackout Ripper wherever you get your podcasts. See omnystudio.com/listener for privacy information.

Thomas Midgley's inventions caused his own death, hastened the deaths of millions of people around the world, and very nearly extinguished all life on land.  Midgley and his employers didn't set out to poison the air with leaded gasoline or wreck the ozone layer with CFCs - but while these dire consequences were unintended... could they have been anticipated? For a full list of sources used in this episode visit Tim Harford.com See omnystudio.com/listener for privacy information.

Candy laced with cyanide and needles in marshmallows, we've long been warned to be suspicious of the sweet treats handed out by strangers at Halloween. But it seems that most stories of "Halloween sadism" are just that, stories. No child seems to have been  killed by adulterated Halloween candy... well... there is one terrible exception. The poisoned Pixy Stix of Pasadena, TX. For a full list of sources used in this episode visit Tim Harford.com See omnystudio.com/listener for privacy information.

Charlie Veitch was certain that 9/11 was an inside job. The attack on the World Trade Center wasn't the work of Al-Qaeda, but an elaborate conspiracy. He became a darling of so-called "9/11 truthers" - until he actually visited Ground Zero to meet architects, engineers and the relatives of the dead. The trip changed his mind... there was no conspiracy.   His fellow "truthers" did not take Charlie's conversion well.  David McRaney (host of You Are Not So Smart and author of How Minds Change: The Surprising Science of Belief, Opinion and Persuasion) joins Tim Harford to discuss what happened to Charlie Veitch; what it tells us about those who hold strong beliefs even in the face of damning contrary evidence; and why persuasion isn't always the right answer.  See omnystudio.com/listener for privacy information.