Making Myths about “Money Makers”


To compare The Money Makers: How Roosevelt and Keynes Ended the Depression, Defeated Fascism, and Secured a Prosperous Peace to a 100,000-word inflationist op-ed by Paul Krugman would be unfair—unfair to Paul Krugman. It goes beyond Keynesian hagiography to Keynesian deification.

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Money and the Constitution

Pretty much down to a man, the Founders were hard-money guys. Nowadays, money is mostly a matter of keystrokes—of the Fed’s fiat. That changes everything—the economy, the workings of our institutions, the Constitution and its political economy. In my continuing effort to educate myself on this stuff—belatedly, in my dotage—I’ve just finished reading two fine books.

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