Monday, June 13, 2016

Boom Bust Boom and the South Sea Bubble

Terry Jones documentary Boom Bust Boom has been out for a while. Worth watching too. The Economist gave it a reasonable review. And there are Minsky and Galbraith puppets.

Above a brief, and simple discussion of the South Sea Bubble. I think role of trade with Spanish America is exaggerated. The most relevant part of the scheme was the public debt swap. Dale's The First Crash provides an interesting account of it.
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