This is a great read for history / economics / finance nerds. (Complimentary; I wrote my senior thesis on the first 50 years of the Federal Reserve).
Some people in comments said his gift link didn't work so here's another: www.wsj.com/finance/gild...
Max Kennerly
Elon Musk is a trillionaire. How could this happen?
Here's a gift link to my WSJ piece on how a longstanding idea of corporations & the stock market broke, making giant corporations & super-wealth possible. You Henry Varnum Poor fans are gonna plotz.
Some background...
www.wsj.com/finance/gild...
The 19th century titans did more than build railroads. They paved the way for the reinvention of the stock market—and the creation of runaway wealth.
