Registered: Dec 2005
05-08-12 02:43 PM
Quote from achilles28:
Sure thing. No rush. [/B]
To see another side, you should also read Murray Rothbard's History of Money and Banking in the United States: The Colonial Era to World War II.
You don't get grants or tenure for doing the work that Rothbard did. So you rarely, if ever, see it in mainstream academic books or journals. But Even the HuffPo knows the relationship between the Fed and academic world.
Of course it's possible to spin a version of history that "fits" with the pro-interventionist paradigm (evil monopolies! robber barons! unfettered capitalism!). And it will go on as long as profs get grants and the likes of Krugman get Nobel Prizes.
Why do you think politicians sided with Keynes in the 1930? Of course they favor the guy who lets them try to spend their way to prosperity. This isn't a conspiracy theory. It's how the world has always worked.
The rest, unfortunately, is history.