Technological Acceleration and the Wet Noodle of Monetary Policy

The American boy of 1854 stood nearer the year 1 than to the year 1900. The education he had received bore little relation to the education he needed.  Speaking as an American of 1900, he had as yet no education at all.  He knew not even where or how to begin.1 If science were to […]

Rome

  …in 1860 the lights and shadows were still mediaeval, and mediaeval Rome was alive; the shadows breathed and glowed, full of soft forms felt by lost senses.  No sand-blast of science had yet skinned off the epidermis of history, thought, and feeling.  The pictures were uncleaned, the churches unrestored, the ruins unexcavated.  Mediaeval Rome […]