Investing

Paul Krugman and the “Ersatz” Theory of Private Currencies

Although I’ve devoted many essays here to exploding myths about historical ...

Investing

The Menace of Fiscal Inflation

Today, inflation has reached a 40-year high, in response to fiscal ...

Investing

The New Deal and Recovery, Part 19: War, and Peace

Thanks to the Roosevelt Recession, in the spring of 1938 the ...

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