News

Stocks are on the rebound Tuesday, bouncing back from another miserable day on Wall Street. But American financial markets ...
Apple pie is an American staple, but during the Great Depression, a fruit-free version was created to make up for the lack of ...
Chief investment officer says it’s ‘impossible to commit capital to an economy that is unstable and unknowable because of ...
The Great Depression was the worst economic crisis in US history when unemployment reached 25%. When the pandemic hit in 2020, Americans hadn't felt that level of economic tragedy in a century.
What do you do for a living?" is one of the most common questions you're asked when you meet someone new, reinforcing how peoples' jobs shape their identity. When identity and employment are ...
But American financial markets are sounding ... We’re now making comparisons to the Great Depression. The Dow Jones Industrial Average has tumbled 9.1% in the first three weeks of April, the ...
History may not perfectly repeat itself, but it often rhymes. Two protectionist episodes—the infamous Smoot-Hawley Tariff Act ...
The Smoot-Hawley tariffs didn’t save agriculture. Trump’s tariffs probably won’t save manufacturing.
The U.S. is probably not in a recession, but it’s looking inevitable unless there’s a dramatic shift from the White House on ...
Both could turn out to be costly, backward-looking mistakes that undermine the economies they are meant to protect.
If we overestimate the costs of trade restrictions today, we make it harder to sell the public on free trade tomorrow.