Minor Error from Krugman

I’m only writing this so I can say that I’m correcting a Nobel laureate. It has no other purpose.
Last month, Paul Krugman wrote:

Remember, the great bank runs of the early 1930s began with a run on the Bank of the United States, which was only the 28th largest bank in the country at the time.

The bank was actually called Bank of United States. They wanted the “the” in there, but state banking regulators objected fearing that depositors would assume the bank was backed by the government.

Posted by on February 17th, 2010 at 11:20 pm


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