Investing

The New Deal and Recovery, Part 20, Coda: The Fate of Rosie the Riveter

August 11, 2022

In assessing the possibility that a severe downturn occurred at the end of WWII, I took issue with conventional wartime and postwar

Editor's Pick

The New Deal and Recovery, Part 20: The Phantom Depression

August 9, 2022

It was supposed to be a debacle. As the Second World War drew to a close, the nation's leading economists feared that, once

Editor's Pick

The New Deal and Recovery, Part 19: War, and Peace

July 15, 2022

But the crisis that gave Keynesians the upper hand also proved fatal to the Roosevelt administration's more ambitious plans, Keynesian or otherwise.

Editor's Pick

The Menace of Fiscal Inflation

June 16, 2022

Today, inflation has reached a 40-year high, in response to fiscal profligacy and accommodative monetary policy. Direct cash payments to individuals and

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