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Scott Lincicome Thirty-five years ago today, Boris Yeltsin, then a newly elected member of the Supreme Soviet of the Soviet Union, visited NASA’s Johnson...
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Walter Olson Donald Trump is back to saying the 2020 election was stolen from him, and his followers regularly echo these claims. It’s therefore...
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Jennifer Huddleston In early September, news of possible Department of Justice (DoJ) subpoenas indicated that the agency is escalating its investigation into antitrust claims...
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David J. Bier New numbers from the Census Bureau’s mini-census, the American Community Survey (ACS), show that the immigrant population is increasing but is...
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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...
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On October 10th, Douglas Diamond and Philip Dybvig won the Sveriges Riksbank Prize in Economic Sciences, sharing it with Ben Bernanke “for research on...
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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,...
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In a recent Bloomberg column, former New York Fed President Bill Dudley echoes a conventional Fed narrative, contrasting Fed interest rate cycles under two...
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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...
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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...
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In assessing the possibility that a severe downturn occurred at the end of WWII, I took issue with conventional wartime and postwar output statistics,...
