Mises Wire
Author:
C.J. Maloney
Online Publish Date:
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 times that preceded the Panic of 1819 by the same label as those who lived through them—the Era of Good Feeling. Like so much of what is fatal to