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Scott Lincicome and Tad DeHaven President Donald Trump’s decision this week to implement a “permanent” 25 percent tariff on imported automobiles and automotive parts...
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Colleen Hroncich For centuries, churches and homes were at the forefront of education in Europe. The early settlers brought those traditions with them when...
Investing
Jeffrey Miron and Jacob Winter Debates about immigration often emphasize the alleged harms. President Trump, for example, has claimed that illegal immigrants take jobs...
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Peter Van Doren The New York Times recently described a forthcoming election for the Wisconsin Supreme Court and the role of Elon Musk as the...
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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...
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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...
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(This is the last installment of a three-part essay. The other parts are here and here.) A Capital Bank As its title suggests, the...
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(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)...
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(In writing this series, I allowed myself to skip over some topics. But now that I’m turning the series into a book, to be...
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What finally brought the Great Depression to an end? We’ve seen that, whatever it was, it took place not during the 30s but sometime...
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After an interruption due mostly to my move to Spain, I’m pleased to be back in the saddle again, wrapping up my series on...
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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,...
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The 2022 Nobel Prize in Economics is to be shared by Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig, “for research on...
Investing
On October 10th, Douglas Diamond and Philip Dybvig won the Sveriges Riksbank Prize in Economic Sciences, sharing it with Ben Bernanke “for research on...
