EPISODE · Dec 31, 2025 · 28 MIN
Engineered Euphoria: The Immutable Cycle of the Crash
Is stability actually destabilising? According to economist Hyman Minsky, the answer is yes. In this deep dive, we apply the "Financial Instability Hypothesis" to four centuries of economic history to prove that the asset changes, but the behavior stays the same.We analyze the structural mechanics behind the world's biggest manias, comparing the leverage of the 1840s Railway Mania to the algorithmic "wash trading" of the 2021 NFT boom. We also examine "Petri dish" economies like Team Fortress 2 and CS:GO to see what happens when markets operate at hyper-speed without central bank intervention. Plus, we look at the data on why modern bubbles are lasting longer than ever before.Instagram:https://www.instagram.com/curiositycrisispodcast/LinkedInhttps://linkedin.com/company/curiosity-crisis-podcastWebsite:https://www.curiositycrisis.com/
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Is stability actually destabilising? According to economist Hyman Minsky, the answer is yes. In this deep dive, we apply the "Financial Instability Hypothesis" to four centuries of economic history to prove that the asset changes, but the behavior stays the same. We analyze the structural mechanics behind the world's biggest manias, comparing the leverage of the 1840s Railway Mania to the algorithmic "wash trading" of the 2021 NFT boom. We also examine "Petri dish" economies like Team Fortres...
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Engineered Euphoria: The Immutable Cycle of the Crash
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