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We tell our children unsettling fairy tales to teach them valuable lessons, but these Cautionary Tales are for the education of the grown ups – and they are all true. Tim Harford (Financial Times, BBC, author of “The Data Detective”) brings you stories of awful human error, tragic catastrophes, and hilarious fiascos. They'll delight you, scare you, but also make you wiser. New episodes every other Friday.
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Why are we still buying diamonds?
Manage episode 377684608 series 3326982
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They’re shiny rocks that we’ve somehow agreed embody romance and eternity. But diamonds, it turns out, are not as rare as we think. And these days, they can be made in a lab. So why do we continue to spend so much money on them? This week, the story of a century-long, international scheme. And the story of how it fell apart.
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31 episodes
