Economics / History

The Turn to Disinflation Part 3—More Distorting Than Wartime Price Controls

The Korea Exception My previous research identified the Korean War as the only major American conflict that did not produce significant postwar inflation during the first eight decades of the twentieth century.  One of the reasons for this occurring is that Eisenhower either bit the bullet or threw up his hands and allowed unemployment to … Continue reading

Economics / History

A History of Military Delusion Part 4: Corrosion and Rust

Machines in Space Previously I researched and wrote a massive tome which describes a progression from what Robert Gordon would describe as Industrial Revolution #2 to IR #3: IR #1 (steam, railroads) from 1750 to 1830; IR #2 (electricity, internal combustion engine, running water, indoor toilets, communications, entertainment, chemicals, petroleum) from 1870 to 1900; and … Continue reading