Heeding history's lessons in the search for the right macroeconomic policies
James Grant, the longtime publisher of Grant's Interest Rate Observer has come out with a new book, "The Forgotten Depression: 1921 — The Crash That Cured Itself." The Depression of 1920-21 needs to be remembered and its lessons need to be learned. Mark Hendrickson has written about it repeatedly and has long been hoping the story would be told on a larger stage. Hendrickson believes Jim Grant is well suited to this important task.
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