FDR’s Tax Increase Scared Him Off Hiring 87,000 IRS Agents

One of the delicious errors in Thomas Piketty’s Capital in the 21st Century is this assertion: “Roosevelt came to power in 1933 [and] immediately decided on a sharp increase in the top income tax rate...

Your Two Monetary Choices

Today, there is a spreading awareness that our monetary situation is rather rotten. Leaving things up to central bankers, who are obviously making it up as they go along, has not worked out very well....