Jefferson spent 7% of his income as Secretary of State to purchase as much illumination as is provided by a 60 W incandescent bulbs burning for a week.

Should the U.S. fall Into recession soon, the Federal Reserve will have very little room to loosen policy to cushion the downturn. This is a large asymmetric risk. The right way to manage an asymmetric risk is to buy insurance: the Federal Reserve should be buying recession insurance. It is not. This is a substantial problem.

Venus and Mercury before dawn from the Berkeley Hills in January 2019

Economic History is definitely, IMHO, the queen if not of all the social sciences at least of all of the subdisciplines of economics. This is why.