The Birth of “Irrational Exuberance”
Long before there was Alan Greenspan to turn the Federal Reserve into Casino Central, there was John Law, France’s minister of finance more than three centuries ago. Like Greenspan’s infamous bubbles, Law’s money-printing scheme made people rich—for a very short time.
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There are numerous critics of the Austrian School of economics, but when their disparagements are closely
Today’s Pols Are All Br...
In his failed 1896 presidential campaign, inflationist William Jennings Bryan declared that he would “not crucify