Celebrating humanity's flourishing through the spread of capitalism and the rule of law
01 May 2017 Leave a comment
in economics
Brilliant JP Koning has another superb post. He has a knack for drawing our attention to episodes from monetary history on which most of us are just clueless. Blame it on the teaching of economics which lays far more importance on theories and methods than learning about the subject from narration of historical events.
He points how Hawaii exited from US monetary Union during the 1942 Pearl Harbour attacks: has interesting lessons for the Euro break-up:
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