Relevant and even prescient commentary on news, politics and the economy.

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Train Drain

…large class of free-holding, independent farmers who had access to distant markets. What explains the difference? In a recent essay, Noam Maggor, a historian at Queen Mary University of London, documents…

SCOTT SUMNER II

…management and large scale bond and stock markets where corporation could raise capital. Consequently, it would seem to be a fair comparison to compare the performance of the US economy…