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Thanks to Them: We avoided a second great depression
A Monetary History of the United States 1867-1960 (National Bureau of Economic Research,1962) by Milton Friedman and Anna Schwartz, is a most intimidating book. A heavy-lifting 860 pages, packed full of tables and charts, some of them old-fashioned fold-outs, as long as three pages off the book itself. It introduces itself as an “analytical narrative”…