UK Liberal Democrat Leader Nick Clegg, increasingly a darling of American liberals, has come under heavy fire today from three leading former defence, intelligence and counter-terror chiefs. The attack in The Times of London on Clegg’s left-wing national security policies comes just two days before the British General Election on …
Few economists have a good word for the Smoot-Hawley tariffs of 1930, which provoked a worldwide round of competitive protectionism that reduced trade, deepened and prolonged the Great Depression, and aided the rise of the Nazi Party. Out of that disaster came a bipartisan consensus: the U.S., for decades a …
