The View From 1776
Monday, March 17, 2014
The Road To Financial Decadence
While you may not share David Stockman’s blanket antipathy toward U.S. military engagement with the rest of the world (I don’t), his recitation of the monetary and economic history of the 1913 to 1929 era is on the mark.
For a more detailed presentation of the economic and monetary history of that period, read Banjamin M. Anderson’s Economics and the Public Welfare. Mr. Anderson was chief economist of the Chase National Bank during that period.