To: LS; BOBTHENAILER; Steven W.; SierraWasp
Uncertainity and fear are negative motivations in the market.
Thanks for repeating for us your study/paper in the Journal of Economic History. Freepers like you are incredible people. We have a thread on the whacking of the $oddomite boys. The stock market has a good rise on the validation of the whacking. We discuss that and then you post a study that you did. Only on Free Republic:
" Charles Calomiris, of Columbia, and I did a paper in the Journal of Economic History in which we showed that uncertainty over the slave/free status of Kansas and Nebraska, brought about by the Dred Scott decision, sparked the Panic of 1857."
Thanks for sharing the summary of your paper with us.
403 posted on
07/22/2003 11:20:10 PM PDT by
Grampa Dave
(UDAY AND QUSAY ARE X-NAY!!! IT IS A GOOD DAY!!!!! A BAD DAY FOR UDAY!)
To: Grampa Dave
I contributed very little to this paper---mostly historical "qualitative" data and some of my work on southern banking before the Civil War---but this has been the most widely cited article I've ever "written." Virtually every major analysis of bank panics or bank runs cites this paper. So I was quite fortunate to hook up with a genius.
406 posted on
07/23/2003 5:24:52 AM PDT by
LS
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson