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Re: Dutch Republic was much stronger in decades after Tulip Mania
From: David Farber <dave () farber net>
Date: Tue, 30 Sep 2008 08:38:46 -0400

Begin forwarded message:

From: Suresh Ramasubramanian <suresh () hserus net>
Date: September 30, 2008 3:10:28 AM EDT
To: David Farber <dave () farber net>
Cc: odlyzko () dtc umn edu, v.dekker () trouw nl, dirkvanderwoude () gmail com
Subject: Re: [IP] Dutch Republic was much stronger in decades after Tulip Mania

A much more appropriate analogy than the mortgage bust would be domaining.. domains sold between professional domainers for astronomical sums of money that just dont get borne out by their P/E ratio or any other hard financial
facts ..

David Farber [30/09/08 02:50 -0400]:
court cases, a reflection of one of the few predictable phenomena
of bubbles, namely that lawyers will get rich off of them, and that
those lawyers will dig up some of the most interesting and most
reliable information about the abuses of the bubbles), that the
Tulip Mania was a small affair involving a modest number of people
(most coming from a particular Protestant sect, which was prominent
in the tulip trade).

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