Top Links #53: Blue Boy, Larry Summers, Paul Krugman and the housing theory of everything

Great links from Chartbook newsletter by Adam Tooze

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Railroad tycoon Henry Huntington was over 70 when he acquired “The Blue Boy” from the Duke of Westminster for $728,000 (equivalent to $11.3m today) in 1921 then the highest price ever fetched by a painting. The broker was dealer Joseph Duveen, who recognised in American new money and European Old Masters a …