In recent times the no-business meeting at the White House — attended by governors, industrialists, representatives of business, labor, and agricultu… - John Kenneth Galbraith

Milton Friedman’s misfortune is that his economic policies have been tried.

F or a decade after the bursting of the debt bubble in 1837, business conditions were depressed in the United States. The number of banks available for financing speculative adventures declined. Then, after another 10 years, public memory faded again.

This map by cartographer Herman Moll was commissioned by the South Sea Company. The entire region displayed, with the exception of Brazil, was claimed as the company’s trading territory. Disregarded was the fact that Spain claimed the same territory.