Politics

Of the many steps taken to combat the depression during the Roosevelt administration’s famous first hundred days, none was more significant than…

(This is the last installment of a three-part essay. The other parts are here and here.) A Capital Bank As its title…

(This is the second installment of a three-part essay. The first part is here.) Big Engines that Couldn’t Although Hoover’s Reconstruction Finance…

(In writing this series, I allowed myself to skip over some topics. But now that I’m turning the series into a book,…

What finally brought the Great Depression to an end? We’ve seen that, whatever it was, it took place not during the 30s…

After an interruption due mostly to my move to Spain, I’m pleased to be back in the saddle again, wrapping up my…

My last post argued that, despite what Diamond and Dybvig’s famous theory suggests, bank runs have seldom proven fatal to otherwise sound…

The 2022 Nobel Prize in Economics is to be shared by Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig, “for…

On October 10th, Douglas Diamond and Philip Dybvig won the Sveriges Riksbank Prize in Economic Sciences, sharing it with Ben Bernanke “for…

By the start of 1948, there could no longer be any doubt: the Great Depression wasn’t coming back. Instead of collapsing at…