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When Washington Took On Wall Street

Nearly 80 years ago, on Capitol Hill, Ferdinand Pecora forced J. P. Morgan Jr. and other “banksters” to reveal the corruption that had fueled the Great Depression—bringing shame on the financial industry and resulting in new laws to curb abuses. The author looks back at the Pecora Commission hearings, and asks why there is no […]

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So the Great Depression runs through Little House in the Big Woods like a big three-hearted river. Perhaps most striking, however, is that the book’s central theme is made most conspicuous not through the events and details described in its pages but by the things that aren’t there. There’s no Depression in the Big Woods. […]

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The parallels between the story of the origin of the Great Depression and that of our Long Slump are strong. Back then we were moving from agriculture to manufacturing. Today we are moving from manufacturing to a service economy. The decline in manufacturing jobs has been dramatic—from about a third of the workforce 60 years […]

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How psychedelic drugs are helping terminally ill patients face death: Norbert Litzinger, [Pam] Sakuda’s husband, explained it this way: “When you pass your own death sentence by, you start to wonder: When? When? It got to the point where we couldn’t make even the most mundane plans, because we didn’t know if Pam would still […]

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