There Never Was a Real Tulip Fever.

Beware of this. While the extent of Tulipmania has almost certainly been exaggerated, this bit of historical revisionism is an effort by the economics profession to advance the dogma that there is no such thing as a bubble; that whatever the price the market decides for an item is the correct price and that the price is rational.

There is actually very little economic data from that time, and any accounts are pretty speculative — so whoever writes definitively about this topic is probably at least 50% wrong.

Knowing when you are being subjected to propaganda is difficult. That piece, though, is both the result and the spearpoint of some pretty effective propaganda. It is weaponized intellectualism and “expertise” at work.