Understanding economic history is of the utmost importance these days. There’s a lot of bad information out here that has to be refuted. For example, many court historians argue that the New Deal got America out of the Great Depression. Real historical evidence...
History is always a sensitive subject. It can be re-interpreted by anyone to fit their historical biases. A country’s respective political class tries to build a founding myth and broader historical narrative to justify its rule. Oftentimes, these narratives are...
From an e-mail I received: Hi Jason; What I have heard about mortgages prior to the great depression is that the only mortgages available were interest only balloon payment mortgages. From what I understand, fully amortized 30 year fixed rate loans are a...