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" ... Dubuffet moved to Paris as a teenager to study art, but dropped out to follow his own path to greatness. He lived through the occupation of Paris, then the Second World War, and throughout his 40s, became one of the most well-known postwar artists known today. ... "
" ... In our entire postwar financial history near zero interest has never happened. Trendline rates, both short and long term, held at 5%, often 7% to 8%. I’ve never heard of an FRB chairman ever longing for inflation at least 2%, maybe 3%, but that’s what we’ve got today. ... "
" ... In the aftermath of World War II, France built its national strategy on three pillars. The first was to develop a strong alliance with Germany, securing peace on the Continent. Conditions were ripe for accomplishing this goal. Germany was occupied and divided. Meanwhile, Britain was exhausted by its war efforts, and the United States was pumping money into Europe and pushing for greater political and economic cooperation among its nations. Although France had its own postwar reconstruction and a crumbling colonial empire to contend with, Paris found itself in a unique position to lead European integration. What resulted were the European Communities, forerunners to the European Union. ... "
" ... Major corporations adapted. Their tax rate lower this past decade than any other decade in postwar financial history. Reflation is a comforting concept, but mainly we're there now in terms of a mid-20s effective tax rate. ... "
" ... The 350 residents, many of whom were in isolation to protect them from exposure to the coronavirus, were beyond grateful. Maria Yeatts, who grew up in Germany just after World War II, said the delivery reminded her of the postwar care packages her family received. ... "