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Letter: We must learn from history or repeat it

The Biden administration has flooded our economy with borrowed/printed money. Their economic plan is following the same path as FDR s New Deal. The government schools teach that FDR s policies worked ....

Haroldl Cole , Chas Cushman , Leee Ohanian , New Deal , Great Depression ,

Three things to know about the debt ceiling fight

Economist Harold L. Cole of the School of Arts & Sciences offers an overview of what could happen should the U.S. default on debt payments because no spending deal is reached. ....

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Repeating the New Deal's Old Mistakes - Foundation for Economic Education

An old myth suggested that FDR’s New Deal saved America from an economic calamity caused by capitalism.
Nothing could be more remote from the truth. ....

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Reducing Banks' Incentives for Risk-Taking Via Extended Shareholder Liability

It has long been understood that deposit guarantees and too-big-to-fail (TBTF) policies create a moral-hazard problem they incentivize banks to take on too much risk by shielding depositors and shareholders from losses in excess of equity (“left-tail” outcomes) in American banking.1 Congress passed the Federal Deposit Insurance Corporation Improvement Act (FDICIA) in 1991 to mitigate the moral-hazard problem by restricting forbearance and implicit subsidies for undercapitalized banks. ....

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FDR, Racist President

FDR, Racist President
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