How A Central Bank Caused One of History's Biggest Cons

How A Central Bank Caused One of History’s Biggest Cons

Tags: World History

07/31/2018 George Pickering

Perhaps no lesson from history better illustrates the dangers of credit expansion-fuelled business cycles than the story of the imaginary country of Poyais. Original article: How A Central Bank Caused One of History’s Biggest Cons.

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