> No kidding. It's salutary to be reading Josephson's Robber Barons
> right now. Practically the whole history of the U.S. economy in the
> second half of the 19th century was of securities fraud, stock
> manipulation, and massive booms and busts. Big time speculators were
> ruined often. The economy spent a lot of time in depression. Yet the
> U.S. grew into a massive industrial power anyway.
Hey, that's a great book. I love the part where the rival rail barons hire private militias who battle over the tracks. Those were the days.
Mike Beggs
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