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America's History of Dubious Credit

Stephen Mihm, author of A Nation of Counterfeiters, argues that Wall Street's problems — stemming from debt and money that was handed out too freely — are not new problems in the United States. Historically, he says, the economy was built on shady promises, shell games and trickery.

Stephen Mihm, author, A Nation of Counterfeiters: Capitalists, Con Men, and the Making of the United States; assistant professor of history at the University of Georgia

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