Let’s first set the record straight on Herbert Hoover’s fiscal policies. Contrary to what you have heard and read over the last year, Hoover behaved as a textbook Keynesian after the stock market crash. He immediately cut income tax rates by one percentage point…
July 16th, 2009 | Robert P. Murphy | 4 comments | ContinuedAll Posts Tagged With: "economic history"
Economic Crisis Discussions in the House of Lords
We have recently had an innovation in the House of Lords, and a good one. The Lady Speaker invited a group of peers with experience or knowledge of economic policy, to discuss the present economic crisis. There were four speakers, one of whom was Nigel Lawson, an ex-Chancellor of the Exchequer from the Thatcher years. There was also a group of peers and a group of journalists who joined in the discussion. The House of Lords, like any other House of Parliament…
October 31st, 2008 | William Rees-Mogg | 1 comment | Continued