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This week, Bob talks with macroeconomist Roger Farmer—who places himself “between Keynes and Hayek”—about how twentieth-century macroeconomics evolved.
From an Austrian perspective, the Panic of 1893 provides key lessons, but this consequential panic has not received as much direct attention as it...
Most academic historians claim that big businesses in the U.S. were economy-choking monopolies at the end of the 19th Century, and that government was...