In assessing the possibility that a severe downturn occurred at the end of WWII, I took issue with conventional wartime and postwar
It was supposed to be a debacle. As the Second World War drew to a close, the nation's leading economists feared that, once
But the crisis that gave Keynesians the upper hand also proved fatal to the Roosevelt administration's more ambitious plans, Keynesian or otherwise.
Today, inflation has reached a 40-year high, in response to fiscal profligacy and accommodative monetary policy. Direct cash payments to individuals and