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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...

Adam Fergusson

When Money Dies is the classic history of what happens when a nation’s currency depreciates beyond recovery. In 1923, with its currency effectively worthless (the exchange rate in December of that...