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Tad DeHaven The Trump administration’s ham-fisted trade wars mean higher input prices and reduced American farmers’ access to export markets. Agricultural interests and their...
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Colin Grabow Last week, the US Chamber of Commerce sent a letter to senior Trump administration officials raising the alarm over the toll being...
Investing
Terence Kealey President Donald Trump’s cuts to the federal science budgets have provoked vast alarm, yet the cuts are justified. Unfortunately, though, Trump has not...
Investing
Romina Boccia and Dominik Lett President Donald Trump has released his “skinny” budget blueprint for fiscal year (FY) 2026, three months past the statutory...
Investing
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...
Investing
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,...
Investing
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...
Investing
By the start of 1948, there could no longer be any doubt: the Great Depression wasn’t coming back. Instead of collapsing at war’s end,...
Investing
In a recent Bloomberg column, former New York Fed President Bill Dudley echoes a conventional Fed narrative, contrasting Fed interest rate cycles under two...
Investing
Recently, an investment advisor and Bitcoin proponent tweeted the claim that “[f]or most of human history” the “[s]eparation of money and state was the...
Investing
Senator Rob Portman (R-OH), the ranking member of the Senate Homeland Security and Governmental Affairs Committee, released a new minority staff report on July...
Investing
In assessing the possibility that a severe downturn occurred at the end of WWII, I took issue with conventional wartime and postwar output statistics,...
Investing
It was supposed to be a debacle. As the Second World War drew to a close, the nation’s leading economists feared that, once the...
