Speculative Friction: Why Is the Financial Market?

Dimes (loudmouth) and Judas (mediummouth) dive into the storied history of booms & busts in the world of financial speculation, citing the book “Devil Take the Hindmost” by Edward Chancellor. Seeking to answer the question “why do we have financial speculation at all?” they trace the evolving financial marketplace from its European birthplaces to the modern day, and analyze not only the psychological but spiritual reasons why humans seek to bet on a changing future and maintain a superior present.

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