The Evolution of Central Banking in England & America: 1640 – 2012 have come up with a large graphic (an “addogram”) about the evolution of central banking in England and America going as far back as 1640. If you take a look at the zoomable image (click “Explore this addogram in high-resolution” once at the link above) you can see how UK & US central banks affected (and were affected by) equity, bond and gold prices since 1840. Present dynamics in central bank balance sheets and long & short-term yields looks eerily similar to 1930-1950. Interesting stuff.


[EDIT: Use the discount code "GRESHLAWSPEC" for $25 off (don't delay if you want one because the code only works for 50 uses and it's a limited edition piece with 199 units printed.)]



See here for our collection of rare historical economic data.

Posted Dec 3, 2012