Here the Cato Institute’s Dan Mitchell unveils a fascinating story of the New Deal, World War II era. Mr. Mitchell dispels long-held myths, makes historical complexities easy to understand, and offers evidence on how America can rejuvenate its economy. It’s difficult to promote good economic policy when some policy makers have a deeply flawed grasp […]
A Peculiar Prosperity
Robert J. Samuelson writes in The Washington Post that even though the economy is improving in the U.S., Americans are not reassured. There seems to be a national mistrust and a loss of confidence in the future. Middle class Americans have been hit especially hard. As Mr. Samuelson notes, “They feel poorer because they are […]
No Garden of Eden
Writing on the painful racial tensions unfolding in Ferguson, Missouri, Kevin Williamson of NRO pointedly asks who has been running the political cogs for the last 10 years in such places as Newark, Detroit, Chicago, St. Louis, or L.A.? Philadelphia, for example, has not had a Republican mayor since President Truman was in office. These […]
How to Fix America
The Wall Street Journal published its first edition on 8 July 1889, as a four-page afternoon newspaper. Three financial journalists—Charles Dow, Edward Jones and Charles Bergstresser—saw a need for objective business and markets news. Now objective, reliable news may be all in the eyes of the reader, but their aim was to publish a paper […]
Here Comes Inflation
The Obama administration’s folly of income redistribution before growth combines with the Fed’s misguided money printing campaign to insure a new wave of price inflation. Here Allan H. Meltzer projects what is ahead for Americans. The Fed’s unprecedented quantitative easing since 2008 failed to lead to a robust recovery. The unemployment rate has gradually declined, […]
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