Michael Bordo explains the BW system:
He says key reason for breakdown was inflation in US:
Archive for April 26th, 2017
Are states led by queens less prone to conflict than states led by king?
April 26, 2017Fascinating paper by Oeindrila Dube and S.P. Harish (HT: MR blog).
The answer seems to be yes. Moreover, married queens were more likely to attack than unmarried ones:
Are states led by women less prone to conflict than states led by men? We answer this question by examining the effect of female rule on war among European polities over the 15th-20th centuries. We utilize gender of the first born and presence of a female sibling among previous monarchs as instruments for queenly rule. We find that polities led by queens were more likely to engage in war than polities led by kings. Moreover, the tendency of queens to engage as aggressors varied by marital status. Among unmarried monarchs, queens were more likely to be attacked than kings. Among married monarchs, queens were more likely to participate as attackers than kings, and, more likely to fight alongside allies.
These results are consistent with an account in which marriages strengthened queenly reigns because married queens were more likely to secure alliances and enlist their spouses to help them rule. Married kings, in contrast, were less inclined to utilize a similar division of labor. These asymmetries, which reflected prevailing gender norms, ultimately enabled queens to pursue more aggressive war policies.
I would think otherwise. Unmarried queens should be attacking more given insecurity over their kingdom.
Whatever, fascinating stuff. What all research people are doing.
Would be interesting to do similar analysis for kings and queens in India as well..
As developing world aspires to become the developed US, the developed US is becoming like a developing country..
April 26, 2017Prof Peter Temin of MIT who is a distinguished economic historian warns about decline of US. He actually goes a step further and says US has descended into a developing economy. He has recently written a book called The Vanishing Middle Class.
He actually says America is no more one country but divided into two parts. One part keeps growing and other keeps declining. The explanation is quite similar to India vs Bharat:
Mostly Economics 
