History

"There Never Was a Real Tulip Fever"

Kinda like 17th century fake news.

For decades, economists have pointed to 17th-century tulipmania as a warning about the perils of the free market. Writers and historians have reveled in the absurdity of the event. The incident even provides the backdrop for the new film Tulip Fever, based on a novel of the same name by Deborah Moggach.

The only problem: none of these stories are true.