College, Homes, and Tech: Nothing But Tulips.

Tuesday, September 30th, 2008 @ 7:00 pm | Commentary

Today’s featured article on Wikipedia was about an era during the Dutch Golden Age during which the market for Tulips ballooned significantly. Apparently, at its height, contracts to buy end of season tulip bulbs were being sold for nearly 20 times the annual wages of a craftsmen.

I guess, in the end, all of these ridiculous bubbles that our credit (read: debt) culture has created are really nothing but tulips, and will fall just the same.

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