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Lyn Alden · 176w
Back in the 1930s and 1940s, there were a lot of capital controls, lending restrictions, securities restrictions, etc. And it was for two different but intertwined reasons. One obvious reason was tha...
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Brad Mills @bradmillscan
Lyn was this a strategy that they employed to those ends, or was it just an effect their authoritarian policies & money printing ways had?

I mean to say, is this an ex-poste rationalization or was this a planned strategy with the desired effect of taxing bond holders and savers?
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Lyn Alden · 176w
My reading of history points to a bit of both. FDR with the gold confiscation and dollar devaluation was premeditated. For the 1940s, that was more haphazard. Inflation broke out from war-related money printing, and the Treasury basically forced the Fed to keep yields low to finance the war, which...