I highly recommend *Extraordinary Popular Delusions and the Madness of Crowds* by Charles Mackay. The book was first published nearly 200 years ago, and it’s still in print. Even today it’s still entertaining and insightful. The Tulip Mania chapter had me laughing loud in disbelief a few times.
Turned out they had about as much intrinsic value as a Bitcoin. Yep, I said it.
I love when Tulip Mania is discussed on reddit, economic illiteracy at its finest.
There needs to be a memecoin based on this!
sounds like the dutch housing property market 🤣
Tom Holland standing in a field of tulips wearing a Netherlands shirt.
![The first recorded 'economic bubble' was Tulip Mania in the Netherlands in 1637. [OC]](https://www.europesays.com/wp-content/uploads/2025/05/z053qiz8l70f1-1080x1024.png)
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I simply could not imagine trading my house for a flower
Quite ironic that in some sense tulips are worth more than our fiat paper-currency that are in a massive bubble..
[Smithsonian Magazine: There Never Was a Real Tulip Fever](https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/)
New band name just dropped: Tulip Mania
I highly recommend *Extraordinary Popular Delusions and the Madness of Crowds* by Charles Mackay. The book was first published nearly 200 years ago, and it’s still in print. Even today it’s still entertaining and insightful. The Tulip Mania chapter had me laughing loud in disbelief a few times.
Turned out they had about as much intrinsic value as a Bitcoin. Yep, I said it.
I love when Tulip Mania is discussed on reddit, economic illiteracy at its finest.
There needs to be a memecoin based on this!
sounds like the dutch housing property market 🤣
Tom Holland standing in a field of tulips wearing a Netherlands shirt.
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