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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...

James M. Buchanan

Public Principles of Public Debt is one of James M. Buchanan’s most important and influential books. The radical idea he conceived was that: our reliance on public debt has amassed a sort of...