My friend the great economic historian Clark Johnson has written a review of Scott Sumner’s new book The Midas Paradox.
I am very happy that Clark has given me the possibility to publish the review on my blog as a guest post.
If you are interested in the causes of the Great Depression you should certainly read Scott’s new book, but you should not miss Clark’s own book on the Great Depression Gold, France, and the Great Depression, 1919-1932.
Here is Clark’s review…
Tight Money, High Wages: a review of Scott Sumner’s The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression (Independent Institute, 2015)
By Clark Johnson
January 2016
Scott Sumner’s new book, The Midas Paradox, uses a “gold market approach” to understand the causes and persistence of the depression of the 1930s. By wide agreement, the roots of the 1929-1932 depression lay in a shortfall…
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Utopia, you are standing in it! 
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