I commented in a previous article that “if you think that Fed Chairman Ben Bernanke is unpopular, consider the tragic case of Takahashi Korekiyo, who served as Bank of Japan governor from 1911-1913 and as finance minister and prime minister in the 1920s and 1930s.” Mr. Takahashi helped to pull Japan out of the Great...Read More

We have always believed that history—and particularly economic and market history—tends to follow long cycles. For this reason we find a lot of value in reading economic history books. One well-researched economic history book can add clarity that can get lost in the daily barrage of newspaper and magazine articles. The problem is that many...Read More