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The New Bazaar

Bad bubble behavior

Season 1, Ep. 5

In The Delusions of Crowds, finance theorist William Bernstein writes about some of the famous financial bubbles and religious manias of the past. He joins Cardiff to discuss the connection between these two kinds of events, why humans are so susceptible to mass manias, the good that sometimes comes from a financial bubble, and how we can all spot the visible signs of manias when they arise. 

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