What Did We Do About Inflation Before Economists?

Authored by John Tamny via RealClearMarkets.com, In their new book America In Perspective, David Sokol and Adam Brandon report that in 1700, what eventually became the United States had a population of 250,000. By 1770 it was 2.1 million. One hundred years later there were 40 million Americans. By 1914, the number had ballooned to 99 million.

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