LETTER

How a Flower Crashed an Economy

Ben Le Fort
Sep 4, 2018 · 2 min read
“selective focus photography of pink petaled flower with water dew” by Eric Muhr on Unsplash

One of the first documented, and in my opinion most bizarre bubbles, in history happened in Holland in the 1600’s. Believe it or not, in the 1600’s tulips became so popular they became more valuable than gold. Tulips had recently been introduced to Europe and became a coveted luxury item. At the height of the “tulip bubble” in 1637, it was said that a single tulip bulb was worth more than 10-times the average income of a skilled worker…

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Plain Language Economics, Explaining “Demand”

Economics 101

People decide what they want to buy based on a number of factors that include personal taste, their level of income, prices and even government intervention. All of these things impact the “quantity demanded” of a particular item. Let’s quickly tackle these factors one at a time and make them a bit more relatable. For the purposes of talking about “demand” I will use coffee as the example going forward…

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Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life. -Tyler Cowen

Ben Le Fort

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Sharing the lessons I’ve learned on my journey from debt to Financial Independence. Email me for freelance inquiries: makinfofamillionairepublishing@gmail.com

Making of a Millionaire

Stories about money, personal finance and the path to financial independence.

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