The Latest Breaking News from the Great Depression

The candidate’s protectionism offsets some otherwise positive tax ideas.

The past decade and a half has seen upheaval across the globe. The 2008 financial crisis and its fallout, the COVID-19 pandemic and major regional conflicts in Sudan, the Middle East, Ukraine and elsewhere have left residual uncertainty. Added to this is a tense, growing rivalry between the U.S. and…

BEIJING: A prominent Chinese financial journalist who has compared the country's economic problems to the Great Depression has been banned from social media.

What Is Deposit Insurance?Amidst a wave of bank failures in 2023, Americans should take comfort in the fact that there’s an entire government agency whose mission is to keep their deposits safe. The Federal Deposit Insurance Corporation (FDIC) was formed during the Great Depression. After the stock ...

The Department of Agriculture estimates the lowest totals in 90 years.

The UK economy unexpectedly shrank by 0.3% in March, according to the Office of National Statistics. And though the country is likely to narrowly avoid an official recession in 2023, just as it did the previous year, the economy is projected to hit the worst growth rates since the Great…

Berkshire Hathaway's Munger criticized investors who trade like they're "gambling" and said it causes harm like the Great Depression.

Decades ago, when the late Harry Reid was relatively new to the upper chamber, a book arrived at our offices courtesy of the Democratic senator. It was “The Farm Fiasco” by libertarian author James Bovard, a piercing work that critically examined the labyrinth of subsidies, handouts, pork and market distortions…

The failure of Silicon Valley Bank on March 10, 2023, came as a shock to most Americans. Even people like myself, a scholar of the U.S. banking system who has worked at the Federal Reserve, didn’t expect SVB’s collapse.