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Debunking Myths of the Great Depression
[Click here to see a PDF version of this Issue Analysis].The current economic crisis is often compared to the Great Depression which lasted from 1929 until the early 1940s. From the causes to the...
View ArticleAnd God Made a “Taxpayer Subsidized” Farmer
Americans involved in agriculture are no longer the tenant farmers and sharecroppers of days past. I’ve yet to hear of a “disaster harvest” which forces the sale of the family cow. Banks are not...
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Sorry, Bernie Sanders, FDR's New Deal Actually Prolonged the Great Depression
Senator Bernie Sanders (I-Vt.) gave a highly anticipated speech at Georgetown University on Thursday, where he extolled socialism. The Democratic presidential candidate, whose proposed an estimated $18...
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The New Smoot-Hawley: Protectionism Is Bad for American Businesses, Workers,...
In 1930, Congress passed the Tariff Act introduced by Sen. Reed Smoot (R-Utah) and Rep. Willis Hawley (R-Ore.). The bill raised tariffs -- or taxes paid on imports into the United States -- on more...
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Don't Bring Back Glass-Steagall
An issue that has a tendency to come into the public consciousness from time to time is bringing back Glass-Steagall. Initially repealed in 1999 by the Financial Services Modernization Act, primarily...
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Let This Crisis Be Different
Some of the largest expansions of government power and unconstitutional abuses have come during times of pressing crises, not unlike the coronavirus. The government routinely tries to paper over these...
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Democrats' Plans for More Spending Could Mean a Lost Decade for America
House and Senate Democrats are preparing to release another very costly legislative response to COVID-19. No cost estimate is available quite yet, but we know that it’s likely to rival the $2.3...
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