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Darrell Duffie

Dealer banks--that is, large banks that deal in securities and derivatives, such as J. P. Morgan and Goldman Sachs--are of a size and complexity that sharply distinguish them from typical commercial...

Milton Friedman, Anna Jacobson Schwartz

Milton Friedman and Anna Schwartz’s A Monetary History of the United States, 1867–1960 is perhaps the most influential work in economic history of the 20th century. The book, a perfect...