Link to The ascents of money: 3- Blowing bubbles documentary
Documentary Description
Why do stock markets produce bubbles and busts? Professor Ferguson goes
back to the origins of the joint stock company in Amsterdam and Paris.
He draws telling parallels between the current stock market crash and
the 18th-century Mississippi Bubble of Scottish financier John Law and
the 2001 Enron bankruptcy. He shows why humans have a herd instinct
when it comes to investment, and why no one can accurately predict when
the bulls might stampede.