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Greenspan served as an especially important cog in this machine by increasing the Fed’s prerogatives within the global economy.
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Editor's Pick
Ryan Bourne Many Americans view Brexit (Britain’s exit from the European Union) as Trumpism before Donald Trump—the first instance of an emerging nativist populism, hostile to trade and immigration. Those policy...
Politics
Modern historians rarely have told the truth about the history of capitalism, and especially in the early days of the Industrial Revolution. It is...
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David Inserra (Getty Images) Reps. Jay Obernolte and Lori Trahan recently released a discussion draft of an AI bill known as the Great American...
Politics
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Politics
Editor's Pick
Walter Olson When Donald Trump publicly vowed one year ago to revoke Harvard University’s tax-exempt status, a step lacking in any colorable legal basis,...
Politics
The velocity of money doesn’t have a life of its own. It is not an independent entity and, hence, it can’t cause anything. Contrary...
Editor's Pick
Ryan Chan-Wei (Getty Images) In an earlier post, we assessed the Senate’s latest draft of the Clarity Act and focused on Title III and...
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Ryan Chan-Wei (Getty Images) Few provisions in the Clarity Act have been the subject of as much debate as Section 404, which sets out...
Politics
As Ryan McMaken recently pointed out, the original constitutional republic created in 1787 no longer exists. Joseph Solis-Mullen asked if the US is now...
Politics
As Ryan McMaken recently pointed out, the original constitutional republic created in 1787 no longer exists. Joseph Solis-Mullen asked if the US is now...
Politics
Progressive elites insist that we “trust our government” when they are in control, but why should we? In fact, we should no more trust...
Politics
Kevin Warsh may talk tough, but Mark Thornton argues the Fed’s real mandate hasn’t changed: finance Washington, protect Wall Street, and let inflation grind...
