Peter Wallison on Dodd-Frank The question is why—why did this act have such a dramatic effect on the U.S. economy, essentially stifling the modest recovery that had begun almost a year earlier? The most likely explanation is uncertainty. The Dodd-Frank Act was such a comprehensive piece of legislation—and required so many new regulations before...
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When America’s first peacetime draft began on Registration Day, June 5, 1917, the Wilson administration treated it as a patriotic holiday. Secretary of War Newton Baker wrote to Wilson that he would “make the day of registration a festival and patriotic occasion.” The new conscripts who had “volunteered in mass,” to use Wilson’s Orwellian...
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