A History of Interest Rates presents a very readable account of interest rate trends and lending practices over four millennia of economic history. Despite the paucity of data prior to the Industrial Revolution, authors Homer and Sylla provide a highly detailed analysis of money markets and borrowing practices in major […]
China’s real estate industry is collapsing in slow motion. Major developers like Evergrande and Country Garden remain stuck in spiraling debt problems. So-called ‘ghost cities’ dot the Chinese countryside. And now the International Monetary Fund just cut its global growth forecasts for 2024 and called out China’s real estate crisis as a big reason why. […]
World War I historian Alexander Watson rates six First World War battle scenes from movies and TV shows for realism. He discusses the accuracy of trench warfare in “All Quiet on the Western Front” (2022), featuring Daniel Brühl, and “Wonder Woman” (2017), starring Gal Gadot. He also comments on aerial combat and gas masks in […]