Debt and Repudiation in Mississippi
While the nation fell into a long and severe depression after the Panic of 1837, conditions in Mississippi were among the worst. With the collapse of the state's banking system, came a collapse of property values. FULL ARTICLE by Clifford F. Thies
Comments (2)
Saul Frugman
That's what happens when you kill central banks. Central banking is good because it prevents depressions such as this. Central banks can print more money to prevent a collapse in property values. We should print lots and lots of money to reflate the housing bubble.
Published: November 13, 2009 7:40 AM
Joshua
LOL! Good one, Saul!
Published: November 13, 2009 10:06 AM