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Glass–Steagall

Virgil-Donald-Trump-Louisville-KY-Getty

Virgil: Trump Connects to the Taproot of American Economic Nationalism with Henry Clay’s ‘American System’

In his March 20 speech in Louisville, Kentucky, President Trump sounded many familiar and important themes, including the importance of jobs, manufacturing, trade, and the need to revive the coal industry. And yet he also added a new and larger “meta-theme,” namely, the urgency of building up our industrial strength for the sake of economic and national security. That meta-theme, we might observe, is the essence of the “American System” of Henry Clay.

Donald Trump silhouette (Evan Vucci / Associated Press)

Clinton Nightmare: Republican Platform Reinstates Glass-Steagall

Donald Trump is using his Art of the Deal to attack Hillary Clinton’s Wall Street fundraising spigot by promising to reinstate the Depression-era Glass-Steagall Act that her husband, President Bill Clinton, repealed in the waning days of his Administration.

Janet Yellen

Negative Interest Rates: Obamacare for Banking

Negative interest rates are like Obamacare for banking: cheered by social justice warriors a way to use government to collectivize a fractured industry. ? Federal Reserve Chair Janet Yellen’s two-day Congressional testimony sent stocks on a wild ride after Yellen