Warburton on Theories of Monetary Control and the Fed
In December 1946, Clark Warburton published an article in the Political Science Quarterly titled, “Monetary Control under the Federal Reserve...
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The New Deal and Recovery, Part 17: The Keynesian Myth, Concluded
(Previous installments of "The Keynesian Myth" are here and here.) Balancing Act As Richard Adelstein (1991, p. 177) observes, far...
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The New Deal and Recovery, Part 16: The Keynesian Myth, Continued
(The first installment of "The Keynesian Myth" is here.) All-American Money Makers Although conventional wisdom has it that Keynes considered...
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The New Deal and Recovery, Part 15: The Keynesian Myth
(The first of an essay in 3 installments.) In The Money Makers, his 2015 book on the New Deal and...
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How to Think Straight about Bitcoin’s Social Costs and Benefits
Building a bridge is costly: It takes labor and machinery and raw materials that have alternative uses. Does it follow...
Read morePanic selling of stocks has ceased as economic stimulus takes hold, but unknowns remain.
These indicators suggest a stock-market bottom, but coronavirus fears could send the S&P 500 swooning again. U.S. stocks rallied with...
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