Swiss Economicblogs.org
In the middle of 1919, the United States was beset by a great many imbalances. Having just conducted a wartime economy, almost everything before then had been absorbed by the World War I effort. With fiscal restraint subsumed by national emergency, inflation was the central condition. Given that the Federal Reserve was by then merely a few years old, no one was quite sure what to do about it. Chairman of the Federal...
Read More »A New Frame Of Reference Is Really All That Is Necessary To Start With
