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Isaac Newton once said, “I can calculate the motions of the heavenly bodies but not the madness of people!” Newton was caught up in the South Seas Co. bubble, a shell company opened to buy the debt of England after the War of Spanish Succession, and reportedly lost $4 million in today’s dollars. While Newton is best known for all of his scientific and mathematical achievements, history overlooks the fact that Newton was the master of the Royal Mint during the time of this bubble.

Peter Westerman

Credit Union Times

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