The Housing Bubble and the American Revolution

The New York Times today (30 November 2008) ran a very nice piece (The Housing Bubble and the American Revolution, WK5) by Tim Arango about the book Ron Michener and I have been working on (Yale University Press, forthcoming) regarding New York's colonial money system and the financial crisis of the 1760s. It is nicely balanced, with obligatory retorts by Gordon Wood and Edward Countryman. Of course these folks have had nothing to say about One Nation Under Debt because it is unassailable. The next book will be even more formidable so I'm glad they got their shots in now, when it is cheap to do so.