RT @GeorgeSelgin: How to account for the difference? Easy: the U.S. had really crappy pre-Fed currency and banking laws, whereas Canada--wh…
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How to account for the difference? Easy: the U.S. had really crappy pre-Fed currency and banking laws, whereas Canada--which also lacked a central bank--had better (if nonetheless imperfect) ones. Nor has that changed since! See https://t.co/JPtDwsnSKB
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@dandolfa @KrishnaMemani Unless you live in Canada 🙂: https://t.co/oRb6Nwo9jc
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@D_Kuehn This paper is a key contribution here, as Jalil shows how frequent panics were between 1825 and 1929: https://t.co/f8cif70B1m. Bordo et al. cover the "Quiet Period" & what happened afterward here: https://t.co/oRb6NwnBtE.