Happy 79th Birthday, Smoot-Hawley! “News from 1930” has become one of my favorite blogs. Do not miss the blurb about the Norwegian whaling ship.
Hugh Hendry Musings On Deflation (Zero Hedge)
Too Big To Fail, Politically (Baseline Scenario). Simon Johnson is unimpressed by the Obama Administration’s proposals for financial reform.
re:news from 30’s. I found ‘City of Chicago is now recovering from having no tax revenue for the past two years.’ to be interesting as well. thanks.