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Sounds suspiciously like Ego Maximus/Extraordinaire. ;)

In some ways yes. The problem being that people nowadays are probably a lot more sceptical than they used to be due to the availability of information through the net, generally higher education...

One reason I have heard of is that back in the day, kung fu masters were often bones setters and herbalists and would travel from town to town plying their trade. Now to get people interested in them...