That the Smoot-Hawley Tariff caused the Depression of the 1930s is a New Deal myth in which America’s schoolchildren have been indoctrinated for decades. The Depression began with the crash of the stock market in 1929, nine months before Smoot-Hawley became law. The real villain: The Federal Reserve… As his …
George H.W. Bush was America’s closer. Called in to pitch the final innings of the Cold War, Bush 41 presided masterfully over the fall of the Berlin Wall, the unification of Germany, the liberation of 100 million Eastern Europeans and the dissolution of the Soviet Union into 15 independent nations. …
On meeting with the EU’s Jean-Claude Juncker last month, Donald Trump tweeted: “Both the U.S. and the E.U. drop all Tariffs, Barriers and Subsidies! That would finally be Free Market and Fair Trade.” Did Larry Kudlow somehow get access to Trump’s phone? We know not. But, on hearing this, Steve …
“Make America Great Again!” will, given the astonishing victory it produced for Donald Trump, be recorded among the most successful slogans in political history. Yet it raises a question: How did America first become the world’s greatest economic power? In 1998, in “The Great Betrayal: How American Sovereignty and Social …
For the World War II generation there was clarity. The attack on Pearl Harbor, Dec 7, 1941, united the nation as it had never been before — in the conviction that Japan must be smashed, no matter how long it took or how many lives it cost. After the defeat …
Before the largest audience of his political career, save perhaps his inaugural, Donald Trump delivered the speech of his life. And though Tuesday’s address may be called moderate, even inclusive, Trump’s total mastery of his party was on full display. Congressional Republicans who once professed “free-trade” as dogmatic truth rose …
In Tuesday’s indictment of free trade as virtual economic treason, The Donald has really set the cat down among the pigeons. For, in denouncing NAFTA, the WTO, MFN for China and the Trans-Pacific Partnership, all backed by Bush I and II, Mitt Romney and Paul Ryan, Trump is all but …
In his coquettish refusal to accept the Donald, Paul Ryan says he cannot betray the conservative “principles” of the party of Abraham Lincoln, high among which is a devotion to free trade. But when did free trade become dogma in the Party of Lincoln? As early as 1832, young Abe …
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