Charles Mackey and Francis Bacon class notes.

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In my opinion, Charles Mackey's "The Tulipomania from Extraordinary Popular Delusions and the Madness of Crowds" had been the most important to me. It was a perfect example of Americas constant search to have the most and be the best without any rational explanation. For example in his story he explains how everyone wants the 'rare' items such as the tulip. Rare items that can only be purchased by the wealthy and the want of …

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…that is clearly fraudulent, dishonest and a scheme. To avoid "the bubble," I found what Franklin suggests very helpful. He gives rules for skillful management of financial resources in the way to wealth. "The use of money is all the advantage there is in having money." He believes you have to WORK, not consume more than you make, pay attention, have wisdom, and don't have the mentality that you can get out of any problem.