From the Roaring Twenties to the "great moderation," America has always shown a flair for labeling things, and speculative manias are no exception. Historians remember the ignorant, blissfully happy...
C.J. Maloney
CJ Maloney lives and works in New York City. He blogs for Liberty & Power on the History News Network and the Daily Kos. His first book, Back to the Land: Arthurdale, FDR's New Deal, and the Costs of Economic Planning, is to be released by John Wiley and Sons in February 2011.
Latest work
For all the Fed's imposing grandeur, Ben Bernanke is running our third (albeit longest-running) try at a central bank. This country has lived without a central bank before and, if given the chance, could do so again.
The US money supply can be increased at the whim of Federal Reserve officials, writes C.J. Maloney, with no compensation at all given to those whose current holdings will be debased by the newly created money.
