The Economics of Joe Kennedy

Though never terribly fascinated by the Kennedy family political dynasty, stories about Joseph P. Kennedy (JPK) always interested me from an economic angle. It's said that Kennedy properly told his son Jack (JFK) that "wars are bad for business", and then the late Jude Wanniski used to write that JFK's unyielding support for the gold standard ("the foundation stone of the world's payments system") was a function of his father having drummed it into his head from early childhood.

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