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The Great Depression - Professor Chesterton
"Many volumes have been written about the Great Depression of 1929-1941 and its impact on the lives of millions of Americans. Historians, economist...
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The Great Depression - Professor Chesterton
"Many volumes have been written about the Great Depression of 1929-1941 and its impact on the lives of millions of Americans. Historians, economist...
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4 months ago
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Rush Hour with No Traffic Lights: Spontaneous Order in Action
How often do you get to witness spontaneous order happen right before your eyes?
As I was walking home from the Silver Spring, MD metro station, I...
I, Pencil -- Professor Chesterton
The autobiography of a #2 pencil can teach a lesson that can help save the freedom mankind is so unhappily loosing: "Leave all creative energies un...
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Money - What is it? -- Professor Chesterton
What exactly is money? How did money originate? Did government always have a monopoly on money?
Text taken from a chapter from "Inclined to Liber...
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1 year ago
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The essay explains: (1/2) “The central bank presided over a dramatic contraction of the money supply that began late in the decade. … By 1928, the Federal Reserve was raising interest rates and choking off the money supply. For example, its discount rate (the rate the Fed charges member banks for...