Paul Krugman recently penned an insightful article where he argues that the 1999-2009 decade should be called the “Big Zero” decade because over the course of ten years there was no real job growth or notable “progress” in tackling any of the nation’s problems. But Krugman’s view, I’m afraid, is overly optimistic. What we...
A Lesson for Obama: President Kennedy’s Stand Against the Steel Industry
In April 1962, when U.S. Steel and five other steel corporations unilaterally decided to jack up their prices and squelch an intricate set of compromises that the Kennedy Administration had expended a great deal of effort in negotiating, President John F. Kennedy responded with an aggressive counter attack that shocked the Washington press establishment....
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