Adam N. Michel Last week, the Cato Congressional Fellows discussed the history of radical tax reforms and examples of such reforms in practice. This...
Clark Neily Among the most challenging and important questions in constitutional law is whether the constitutions of the United States and various individual states...
Alex Nowrasteh The evidence is overwhelming that immigrants in the United States have had a lower crime rate than native-born Americans since at least...
Scott Lincicome and Alfredo Carrillo Obregon President Donald Trump has repeatedly threatened to impose 25 percent tariffs on all goods imported into the United...
Because this series is about the New Deal’s contributions to economic recovery, it’s essential that we recognize the difference, as Roosevelt himself did, between...
Of the many steps taken to combat the depression during the Roosevelt administration’s famous first hundred days, none was more significant than the passage...
(This is the second installment of a three-part essay. The first part is here.) Big Engines that Couldn’t Although Hoover’s Reconstruction Finance Corporation (RFC)...
My last post argued that, despite what Diamond and Dybvig’s famous theory suggests, bank runs have seldom proven fatal to otherwise sound banks. Instead,...
On October 10th, Douglas Diamond and Philip Dybvig won the Sveriges Riksbank Prize in Economic Sciences, sharing it with Ben Bernanke “for research on...