Kenny Malone
Stories
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History
What happened when Richard Nixon wanted more control over interest rates
This is a tale of a president pressuring the head of the central bank for political reasons. Burns fights it, then capitulates, and it lays the foundation for later inflation.
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Economy
With Trump proposing new tariffs, we look at a cautionary tale from U.S. history
With broad new tariffs promised, we look back at the most infamous case of broad tariffs in U.S. history — the Smoot-Hawley Tariff Act. It did not end well.