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Stephen Moore’s Critics Acquitted Themselves Poorly
The Federal Reserve shall continue in its same old vein now that Stephen Moore has relinquished his bid to be President Trump’s nominee to the Board of Governors. Let’s recount how off-base Moore’s...
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QE Showed That 2008 Was Not A Financial Crisis
A verity of economic analysis that emerged in the 2008-09 downturn is that what hit was a “financial crisis.” The indication was that the origin and central location of the downturn was in the banking...
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Americans Loathed The Tariff
As tariffs go up against Chinese imports, and as new American trade barriers to the goods of other nations stay up, it is apt to call upon history to see how things worked out when the tariff was the...
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The U.S. Can Manipulate China’s Currency
China is not a currency manipulator, but along with Malaysia, Germany, and several other studs of the modern world economy, it might be. So says the latest periodic Treasury report, in which the U.S....
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Government Can’t Attract Workers In A Land Of Opportunity
Don Devine, the intrepid head of the civil service during the Reagan administration, Reagan’s “terrible swift sword,” mentioned something astonishing to me earlier this year. He said that two-thirds of...
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The Tariff Or Tom Wolfe? It’s Hard To Tell
The New Journalism that Tom Wolfe and others developed in the 1960s had several defining characteristics. One of them was listing mundane things in an on-and-on fashion. The sense afforded was of mass...
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Facebook’s Libra Could Use A Little Colonialism
Facebook’s proposed new cryptocurrency, Libra—the subject of hearings just now in Washington—is designed like a classic currency from the colonial period of history. Anyone presenting a unit of...
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This Is The Original Laffer Curve
Last month, President Trump gave the Presidential Medal of Freedom to economist Arthur Laffer. Laffer was a hotshot young tenured economist at the University of Chicago in the 1960s, developed...
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Going Off The Gold Standard Halted The Great Depression — Or Caused World War...
The prospect of a Federal Reserve Board nominee in Judy Shelton has led to all sorts of commentary about how kooky the gold standard is. Judy Shelton has said favorable things about gold and the...
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What Happens When You UnKoch Your Campus
The death of David Koch last month deprives the libertarian intellectual tradition of one of its greatest advocates. With his brothers, David Koch funded and provided inspiration to libertarian...
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