Investment fraud is not a new paradigm. Selling bags of nothing is not a new paradigm. Goes all the way back to the South Sea Company in 1711 [1].

I recommend reading Extraordinary Popular Delusions and the Madness of Crowds published originally in 1841 [2].

[1] https://en.wikipedia.org/wiki/South_Sea_Company

[2] https://www.amazon.com/Extraordinary-Popular-Delusions-Madne...

I think the tulip bubble was the Dutch, not the Ottomans.

Either way, great book on the subject: http://www.amazon.com/Extraordinary-Popular-Delusions-Madnes...