(The first installment of "The Keynesian Myth"  is here.) All-American Money Makers Although conventional wisdom has it that Keynes considered government spending far more capable of ending the depression than monetary expansion, that certainly wasn't his view in 1931: during lectures he gave then at the University…

Twice now,  on this forum back in 2013, and on Twitter more recently (see here and here), I've taken Yale economics professor Gary Gorton's publications to task for misrepresenting the historical record of private currency systems. In particular, I've criticized him for claiming, on the basis of evidence…