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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.

How World War I Paved the Way for the Warfare State


The 1914-1929 Boom Was An Artifact of War And Central Banking


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.