Re:Reading Hayek in Holland
by padobson on Thursday August 19, 2021 @03:08PM
(#28237971)
Netherlands practically invented financial capitalism in the 16th through 18th century
And even here, you find that the Dutch also instituted the first real central bank[0], which laissez faire folks would tell you lead to panics and recessions.
Tulipmania[1] happened about twenty years later, but I'm open to believing that was a coincidence.
And even here, you find that the Dutch also instituted the first real central bank[0], which laissez faire folks would tell you lead to panics and recessions.
Tulipmania[1] happened about twenty years later, but I'm open to believing that was a coincidence.
[0]https://en.wikipedia.org/wiki/Bank_of_Amsterdam
[1]https://en.wikipedia.org/wiki/Tulip_mania