Replying to Avatar HoloKat

I’ve been reading “Memoirs of Extraordinary Popular Delusions and the Madness of Crowds” by

Charles Mackay. See if any of these sound familiar. This is from 1700s… South Seas Bubble and Mississippi Bubble.

The French account is insane. A worthy read.

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skretcode 1y ago

Eerie similarities with crypto

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HoloKat 1y ago

Exactly. Reading this I was like… whoa!

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skretcode 1y ago

I had the same feeling reading “Fiat money in France” by Andrew Dickson.

The time period covered is the 1780s but it sure sounds familiar when one thinks of central banks actions today. The tech of the time is different but the mechanics are the same.