The Corner

Something Else We Can Blame on France: The Great Depression

Did the French actually touch off the Great Depression? That’s the argument of this paper by Dartmouth economist Douglas Irwin, which notes that France was the most aggressive hoarder of gold between 1927 and 1932. Irwin argues that in the absence of French hoarding, the world would likely have avoided massive deflation. Herbert Hoover not available for comment.

Steven F. Hayward — Stephen F. Hayward is a senior resident scholar at the Institute of Governmental Studies at the University of California, Berkeley, and the author of a two-volume political history, The Age of Reagan.

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Politics & Policy

Demagoguery Is Not Leadership

The government of Prime Minister Jacinda Ardern in New Zealand has, with the support of the opposition, decided to enact fundamental changes in the nation’s firearms laws less than a week after the massacre at two Christchurch mosques. This is the opposite of leadership. It is also an example of why ... Read More
White House

The Media’s Disgrace

There will soon enough be an effort to memory-hole it, but the media coverage of the Russia investigation was abysmal and self-discrediting — obsessive and hysterical, often suggesting that the smoking gun was right around the corner, sometimes supporting its hoped-for result with erroneous, too-good-to-check ... Read More
U.S.

Political Theatrics

EDITOR’S NOTE: The following is Jonah Goldberg’s weekly “news”letter, the G-File. Subscribe here to get the G-File delivered to your inbox on Fridays. Dear Reader (Including all you whippersnappers under the age of 50), I’m writing this from somewhere over the Atlantic. At least I hope that’s ... Read More
Politics & Policy

What Was Trump So Annoyed About?

One of the stranger arguments that I heard throughout the Mueller saga -- and am hearing today, now that it's turned out to be a dud -- is that Donald Trump's irritation with the process was unreasonable and counterproductive. This tweet, from CNN's Chris Cilizza, is a nice illustration of the genre: Donald ... Read More