Welcome back to a new year with Behind the Money! We’re starting off by paying a visit to the New York Public Library to take a peek into the past. Some 300 years ago parts of Europe were in the middle of a financial revolution that quickly turned into a financial frenzy and then — a fallout. With help from the FT’s US markets editor Jennifer Hughes, we’ll learn more about the Mississippi and South Sea Company Bubbles, and what they tell us about today.

Clips from: NBC, CNBC, CBS News

Music: Georg Philipp Telemann’s Overture-Suite in B-flat Major performed by Tempesta di Mare / The Philadelphia Baroque Orchestra

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Learn how to visit the New York Public Library’s exhibit, Fortune and Folly in 1720.

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Further reading:

Business trends, risks and people to watch in 2023

FT writers’ predictions for the world in 2023

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On Twitter, follow Jennifer Hughes (@JennHughes13) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

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What we can learn from 300-year-old bubbles 20:42 Share

Behind the Money

Shownotes Transcript

What we can learn from 300-year-old bubbles