2 ms·
Yep. Having (mis)read "A Monetary History of the United States" as an undergrad and having done an actual research paper on "why was there a Depression" by inte
by ArkyBeagle 10y ago
Yep. Having (mis)read "A Monetary History of the United States" as an undergrad and having done an actual research paper on "why was there a Depression" by interviewing older relatives in the 1970s, I was extremely receptive to Sumner's ideas.
And your point about the oil shocks - and WIN buttons - also contributed to this.
- eru 10y agoWIN buttons? I am currently reading Sumner's book about the Great Depression ("The Midas Curse"). Seems pretty interesting so far. Now, I just need to find a country to migrate to that does nGDP targeting and finances itself via land value taxes alone.
- eru 10y agoOh, found it: https://en.wikipedia.org/wiki/Whip_inflation_now https://en.wikipedia.org/wiki/Whip_inflation_now