President Obama's Charm Offensive

The president made a bit of a splash in January, choosing to unveil his new business-friendly approach to regulation on the often-hostile op-ed pages of The Wall Street Journal. Now, William Daley, his savvy chief-of-staff, is pursuing the administration’s charm offensive in the Financial Times. …

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Smoot-Hawley Redux?

While the causes of the Great Depression of the 1930s—or, at least, the relative importance of the causes—remain in dispute, few economists disagree that “beggar thy neighbor” trade policies deepened the catastrophe. No college course in American history these days lacks a reference to the infamous Smoot-Hawley Act of 1930, …

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