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Burton Malkiel: "The Forgotten Depression" by James Grant
America was plagued by a severe economic downturn in 1920-21. It was cured because the government did absolutely nothing. When the economy goes into a tailspin, the events that created the trouble can suddenly stand out with remarkable clarity. Such clarity is rather more difficult to achieve ahead of time. James Grant, the publisher of
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Posted: November 11, 2014 Tuesday 06:53 PM