John Law (there was a real John Law? Who knew!) and the Mississippi Bubble.
Relatedly: Eric S. Raymond on why he doesn't blog about politics very often these days: "The big-state system is like Coyote run off a cliff, frantically windmilling its legs in the air. The moment it looks down it’s going to fall, long and hard. Nothing I could write is going to make any difference to that outcome, any more."
(Unrelatedly: I swan, this year I will make time to visit General Lew Wallace's study. How could one live so close and not?)
4 weeks ago